INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of QR Energy, LP & Its Board of Directors In Connection With th...
July 25 2014 - 7:12AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
QR Energy, LP (“QR Energy” or “the Company”) (NYSE:QRE) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Breitburn Energy
Partners LP (Nasdaq:BBEP).
Click here to learn more about the investigation:
http://zlk.9nl.com/qr-energy-qre, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, QR Energy common
shareholders and owners of Class B units will receive approximately
0.9856 of a Breitburn unit for each unit of QR Energy they own,
representing approximately $22.48 per share. Shareholders owning
approximately 37% of outstanding QR Energy units have already
agreed to tender their shares. The investigation concerns whether
the QR Energy Board breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Breitburn Energy Partners LP is
underpaying for QR Energy shares.
If you own QR Energy common stock and wish to obtain additional
information, please 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/qr-energy-qre.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com