Levi & Korsinsky is investigating the Board of Directors of Eagle Rock Energy Partners, L.P. (“Eagle Rock” or “the Company”) (Nasdaq:EROC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Regency Energy Partners (“Regency”) (NYSE:RGP).
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Under the terms of transaction, Eagle Rock shareholders will receive a combination of cash and stock in a deal totaling up to $1.325 billion. Regency will also offer to exchange Eagle Rock’s outstanding senior notes into an equivalent amount of Regency senior unsecured notes. The investigation concerns whether the Eagle Rock Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Regency is underpaying for Eagle Rock shares.
If you own Eagle Rock common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/eagle-rock-energy-eroc/.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.