4-24-14 12:05 PM EDT | Email Article

NEW YORK, April 24, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of EPL Oil & Gas, Inc. ("EPL" or "the Company") (NYSE:EPL) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Energy XXI ("XXI") (Nasdaq:EXXI). A complaint was filed in Delaware state court.

Click here to learn more about the action http://zlk.9nl.com/epl-oil-epl, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, EPL shareholders may elect to receive either $39.00 in cash, 1.669 common shares of Energy XXI, or $25.35 in cash plus 0.584 common shares of Energy XXI for each share of EPL common stock they own. The claims concern whether the EPL Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Energy XXI is underpaying for EPL shares. In particular, at least one analyst set a price target for EPL stock at $44.00 per share.

If you own EPL common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/epl-oil-epl.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP
         Joseph Levi, Esq.
         Eduard Korsinsky, Esq.
         30 Broad Street - 24th Floor
         New York, NY 10004
         Tel: (212) 363-7500
         Toll Free: (877) 363-5972
         Fax: (866) 367-6510
         www.zlk.com
GlobeNewswire, Inc. 2014
Add a Comment

News   More...

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against CLIFFS NATURAL RESOURCES, INC. and Its Board of Directors and a Lead Plaintiff Deadline of July 11, 2014 -- CLF
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against ALLIED NEVADA GOLD CORP. and Its Board of Directors and a Lead Plaintiff Deadline of June 2, 2014 -- ANV (2014/5/20)
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Susser Holdings Corporation of Class Action Against Board of Directors of the Company in Connection With the Sale of the Company to Energy Transfer Partners, L.P. -- SUSS
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of SWS Group, Inc. of Class Action Against Its Board of Directors in Connection With the Sale of the Company to Hilltop Holdings -- SWS
INVESTOR ALERT Levi & Korsinsky, LLP Notifies Investors of Cbeyond, Inc. of Class Action Against Its Board of Directors in Connection With the Sale of the Company to Birch Communications, Inc. -- CBEY
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Questcor Pharmaceuticals, Inc. of Claims of Breaches of Fiduciary Duty Against Its Board of Directors in Connection With the Sale of the Company to Mallinckrodt -- QCOR
INVESTOR ALERT Levi & Korsinsky, LLP Notifies Investors of Vocus, Inc. of Claims of Breaches of Fiduciary Duty Against Its Board of Directors in Connection With the Sale of the Company to GTCR LLC -- VOCS
INVESTOR ALERT Levi & Korsinsky, LLP Notifies Investors of Susser Holdings Corporation of Class Action Against Board of Directors of the Company in Connection With the Sale of the Company to Energy Transfer Partners, L.P. -- SUSS
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Furiex Pharmaceuticals, Inc. of Claims Against Board of Directors of Company in Connection With the Sale of the Company to Forest Laboratories, Inc. -- FURX
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty Against Board of LIN Media LLC in Connection With Sale of Company to Media General, Inc. -- LIN
Securities related to this article
Energy XXI (Bermuda) Ltd View exxi Stock Quote
Energy XXI (Bermuda) Ltd View exxi Stock Quote
 
Go Premium!
Exclusive Premium Member Benefits
Get the best thinking of 150+ disciplined
objective, experienced analysts-dedicated to
specific industries and securities.
+2,500 Analyst Reports
Wide Moat Screener for Stocks
Medalist Screener for Funds
Premium Portfolio Manager with X-Ray & Monitor
Premium eNewsletters
Morningstar Basic Benefits (All)
Sign up now - No charge for the first 14 days
Content Partners
Morningstar - - INVESTOR ALERT: LEVI & KORSINSKY, LLP Notifies Investors of EPL Oil & Gas, Inc. of Class Action Against Its Board of Directors in Connection With the Sale of the Company to Energy XXI -- EPL
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of SP Bancorp, Inc. and Its Board of Directors In Connection With the Sale of the Company to Green Bancorp, Inc. -- SPBC  |  Next: INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of Furiex Pharmaceuticals, Inc. of Claims Against Board of Directors of Company in Connection With the Sale of the Company to Forest Laboratories, Inc. -- FURX