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Bull & Lifshitz, LLP Announces Investigation Of Venoco, Inc.

NEW YORK, Jan. 31, 2012 /PRNewswire/ --  Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Venoco, Inc. (NYSE: VQ) (referred to as "Venoco" or the "Company") to Timothy M. Marquez, Venoco's Chairman and CEO, through a wholly owned entity, Denver Parent Corporation.  The transaction implies a total enterprise value of approximately $1.5 billion.

(Logo:  http://photos.prnewswire.com/prnh/20120119/MM38805LOGO )

Under the terms of the definitive agreement, Venoco shareholders, excluding Mr. Marquez and his affiliated entities, will receive $12.50 per share in cash upon completion of the transaction.  Mr. Marquez, together with affiliated trusts and foundations, holds 50.3% of Venoco's common stock.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Venoco common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Venoco and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com.  All e-mail correspondence should make reference to Venoco.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter .

Contact: Peter D. Bull, Esq.Bull & Lifshitz, LLPPhone:   212-213-6222Fax:      212-213-9405Email: counsel@nyclasslaw.com

SOURCE Bull & Lifshitz, LLP

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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