NEW YORK, May 22, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Eagle Rock Energy Partners, L.P. ("Eagle Rock" or the "Company") (NasdaqGS: EROC) for potential breaches of fiduciary duties in connection with the sale of the Company to Vanguard Natural Resources for approximately $474 million. The Company's stockholders will only receive 0.185 units of Vanguard for each unit of Eagle Rock they own, the value of which is equivalent to $3.05 per Eagle Rock share. However, Eagle Rock has traded as high $5.25 over the past calendar year.
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The investigation focuses on whether Eagle Rock's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Eagle Rock's shareholders.
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If you own common stock in Eagle Rock and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EROC or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
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New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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