offlimitsempire
9 years ago
July 30, 2015 Class Action Lawsuit Reported Shareholders vs EROC
4:27 pm ET
LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Eagle Rock Energy Partners, L.P. and Its Board of Directors and a Lead Plaintiff Deadline of September 28, 2015 -- EROC(Globe Newswire)
LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against Eagle Rock Energy Partners, L.P. and Its Board of Directors and a Lead Plaintiff Deadline of September 28, 2015 -- EROC
4:27 pm ET July 30, 2015 (Globe Newswire) Print
Levi & Korsinsky has filed a class action lawsuit in the United States District Court for the Southern District of Texas on behalf of investors who owned Eagle Rock Energy Partners, L.P. ("Eagle Rock" or the "Company") (NASDAQ:EROC) common units on July 6, 2015.
For more information, click here: http://zlk.9nl.com/eagle-rock-energy.
The complaint alleges that the Eagle Rock board of directors violated the federal securities laws and breached its fiduciary duties to shareholders by engaging in a flawed and unfair sales process in relation to the sale of the Company to Vanguard Natural Resources, LLC (NASDAQ:VNR). The complaint also alleges that the sales process ensures the sale of Eagle Rock without adequately informing shareholders of material information necessary in considering the approval of the sale of the Company. These breaches of fiduciary duties, if not resolved, will effectuate the sale of the Company to the detriment of public shareholder interest.
If you suffered a loss in Eagle Rock you have until September 28, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/eagle-rock-energy.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAxNDQwMTYjMzA4MA==
Wildbilly
9 years ago
The way I understand it,
this is a unit for unit exchange at $3.05 per unit, so we will have the same amount of shares in a larger asset based, increased production, stronger financial, better credit metrics, better equiped to deal in the sector going forward Vanguard (VNR).
Looks all good to me, Timothy Smith is the man to better express the benefits for us and structure of the deal than me however.
.
Parapraxis
10 years ago
July 22, 2014
Eagle Rock Announces Earnings Release Date for Second Quarter 2014 and Reaffirms Intent to Resume Distribution for Third Quarter 2014
HOUSTON, July 22, 2014 (GLOBE NEWSWIRE) -- Eagle Rock Energy Partners, L.P. (Nasdaq:EROC) ("Eagle Rock" or the "Partnership") plans to report second quarter 2014 financial and operating results after market close on Wednesday, July 30, 2014. The second quarter 2014 earnings conference call will be held at 2:00 p.m. Eastern Time (1:00 p.m. Central Time) on Thursday, July 31, 2014.
Interested parties may listen to the earnings conference call live over the Internet or via telephone. To listen live over the Internet, participants are advised to log on to the Partnership's web site at www.eaglerockenergy.com and select the "Events & Presentations" sub-tab under the "Investor Relations" tab. To participate by telephone, the call in number is 877-293-5457, conference ID 72892414. Participants are advised to dial into the call at least 15 minutes prior to the call. An audio replay of the conference call will also be available for thirty days by dialing 855-859-2056, conference ID 72892414. In addition, a replay of the audio webcast will be available by accessing the Partnership's web site after the call is concluded.
The Board determined not to pay a distribution for the second quarter of 2014. As previously disclosed, management intends to recommend to the Board resuming a quarterly distribution for the third quarter of 2014 (payable in November 2014), subject to the general business climate and the Partnership's specific operations and assets (including assets that may be acquired in potential acquisitions). In particular, and without limiting the generality of the foregoing, management's distribution recommendations are subject to the Partnership's results of operations, projections and the prevailing commodity price levels. All actual future distributions will be determined, declared and paid at the sole discretion of the Board of Directors.
dshade
10 years ago
Management intends to recommend to the Board resuming a quarterly distribution for the third quarter of 2014 (payable in November 2014), subject to the general business climate and the Partnership's specific operations and assets (including assets that may be acquired in potential acquisitions). In particular, and without limiting the generality of the foregoing, management's distribution recommendations are subject to the Partnership's results of operations, projections and the prevailing commodity price levels. All actual future distributions will be determined, declared and paid at the sole discretion of the Board of Directors.