Shareholder Alert: The Briscoe Law Firm Investigates Penn Virginia GP Holdings, L.P. Concerning The Buy-Out By Penn Virginia Resource Partners, L.P.
The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Penn Virginia GP Holdings, L.P. (“PVG”) (NYSE: PVG) related to the proposed acquisition of PVG by Penn Virginia Resource Partners, L.P. (NYSE: PVR).
The acquisition agreement, which was announced on September 21, 2010, involves a transaction valued at approximately $955 million under which PVG shareholders will receive 0.98 units of PVR, which amount to approximately $24.48 per each share of PVG common stock they hold. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of PVG for approving this transaction and whether PVG’s Board of Directors acted in the shareholders’ best interests.
If you currently own shares of PVG and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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