Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of QR Energy, LP (“QR Energy” or the “Company”) (NYSE:QRE) for potential breaches of fiduciary duties in connection with the sale of the Company to Breitburn Energy Partners (“Breitburn”) (NasdaqGS:BBEP) for approximately $1.6 billion. The Company’s stockholders will only receive 0.9856 shares of Breitburn common stock, or $22.48 based on Breitburn’s closing price on Wednesday, for each share of QR Energy common stock they own.
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The investigation focuses on whether QR Energy’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of QR Energy’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.If you own common stock in QR Energy and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/QRE or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.