SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving Possible Securities Fraud by VAALCO Energy, Inc...
December 10 2015 - 1:45PM
Business Wire
Levi & Korsinsky, LLP announces that it has commenced an
investigation of VAALCO Energy, Inc. (“VAALCO” or the “Company”)
(NYSE:EGY) concerning possible violations of federal securities
laws and/or breaches of fiduciary duty by the Company and/or
certain of its officers and directors.
On November 23, 2015, VAALCO Energy announced it would hold a
Special Meeting of VAALCO Stockholders on January 5, 2016,
providing shareholders an opportunity to vote on “proposals to
remove and replace a majority of VAALCO’s Board of Directors with
new directors promoted by [shareholders] Group 42, Inc. and Bradley
L. Radoff.” The announcement of this Special Meeting comes after
these investors, in a November 6, 2015 press release, announced
their intention to “solicit consents from their fellow stockholders
to remove four current members of the Board of Directors of VAALCO
and replace them with four new highly-qualified candidates ideally
positioned to enact the strong governance and strategic and
operational improvements needed to reverse the course of
underperformance and value destruction presided over by the current
Board of VAALCO.” To obtain additional information about the
investigation, go to:
http://zlk.9nl.com/vaalco-energy-egy
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.30 Broad
Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free:
(877) 363-5972Fax: (212) 363-7171www.zlk.com
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version on businesswire.com: http://www.businesswire.com/news/home/20151210006255/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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