April 22, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of LRR Energy, L.P. (“LRR Energy” or the “Company”) (NYSE:LRE) breached its fiduciary duty to its shareholders in agreeing to sell LRR Energy to Vanguard Natural Resources, LLC.
Under the terms of the agreement, LRR Energy shareholders will receive 0.55 Vanguard common units per LRR Energy common unit, for a value of $8.93 per LRR Energy common unit share based on Vanguard’s closing price on April 20, 2015. The investigation is focused on the potential unfairness of the price to LRR Energy shareholders and the process by which the LRR Energy Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs’ firms in the country.