BALA CYNWYD, Pa., July 25, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of QR Energy, LP ("QR Energy" or the "Company") (NYSE: QRE) relating to the proposed acquisition by Breitburn Energy Partners LP ("Breitburn").
Click here to learn more about the investigation http://brodsky-smith.com/798-qre-qr-energy-lp.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, QR Energy shareholders and owners of Class B units will receive only 0.9856 of a Breitburn unit for each share or unit of QR Energy stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of QR Energy for not acting in the Company's shareholders' best interests in connection with the sale process.
The transaction may undervalue QR Energy as the Company has extremely high-quality assets. The Company's assets include a 15-year proven reserve life including acreage in the Permian Basin, as well as positions in California, Texas, and Oklahoma. In addition, QR Energy's operational execution allowed the Company to realize an average price of $98 per barrel last quarter.If you own shares of QR Energy common stock or units and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/798-qre-qr-energy-lp.html, or calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.