Goldfarb Branham LLP is investigating potential shareholder claims against the board of directors of Venoco, Inc. (NYSE: VQ) concerning the proposed takeover of Venoco by its CEO and Chairman for $12.50 per share. Concerned investors should contact Hamilton Lindley, a securities attorney, at 877-583-2855 or hlindley@goldfarbbranham.com about their rights and remedies.

“Venoco’s CEO holds approximately 50.3% of the company’s stock,” Hamilton Lindley said. “The company’s shares have traded at $22.22 as recently as February 2, 2011 and at least one analyst has set a target for the stock of $22.00. Our proposed class action lawsuit seeks to ensure the board conducted a fair process, disclosed all material information to shareholders and agreed to sell for the highest value possible.”

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Venoco investors—or anyone with knowledge about these issues at the company—should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.

Copyright Business Wire 2010

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