Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of Quicksilver Resources Inc. In Connection With The Company’s Receipt Of Letter From Investor Group
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Quicksilver Resources Inc. (“Quicksilver Resources” or the “Company”) (NYSE:KWK) related to the Company’s receipt of a letter from an “Investor Group” – comprising Quicksilver Energy, L.P. (“Quicksilver Energy”) and members of the Darden family (the “Darden Family Interests”) – to explore strategic alternatives for Quicksilver Resources. Quicksilver Energy is controlled by members of the Darden family, including Glenn Darden, Quicksilver Resources’ President and Chief Executive Officer, and the Company’s Chairman, Thomas Darden. The Darden family controls approximately 30 percent of Quicksilver Resources’ stock.
The Investor Group is requesting, among other things, an amendment to Quicksilver Resources’ rights plan in order to facilitate discussions between the Investor Group and other potential investors regarding a potential transaction. The letter states that the Investor Group is interested in “exploring strategic alternatives for Quicksilver Resources, which could include, among other things, a possible take private transaction of the Company by the Darden Family Interests.” The investigation concerns possible breaches of fiduciary duty and other violations of law related to consideration of the Investor Group’s proposals by the Quicksilver Resources board of directors.
If you are a shareholder of Quicksilver Resources, if you have
information or would like to learn more about these claims, or if you
wish to discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
or visit our website at
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