NEW YORK, Jan. 11, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at
Monteverde & Associates PC, a boutique securities firm
headquartered at the Empire State Building in New York City, is investigating Magellan
Petroleum Corporation ("Magellan" or the "Company")(NASDAQ: MPET)
and its Board of Directors for potential federal law violations
and/or breaches of fiduciary duties in connection the acquisition
of Tellurian Investments Inc. Under the terms of the agreement,
Tellurian Investments common stockholders will receive 1.300 shares
of Magellan common stock for each share of Tellurian Investments
common stock that they hold immediately prior to the effective time
of the merger (the "Merger").
Click here for more information:
www.monteverdelaw.com/investigations. It is free and
there is no cost or obligation to you.
The investigation focuses on whether Magellan and/or its Board
of Directors violated federal securities laws and/or breached their
fiduciary duties to the Company's stockholders by 1) failing to
properly value the Merger and 2) failing to disclose all material
information in connection with the Merger.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
If you own common stock in Magellan and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.monteverdelaw.com/investigations or
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@monteverdelaw.com or by telephone at (212)
971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. The law firm responsible for this advertisement is
Monteverde & Associates PC (www.monteverdelaw.com). Prior
results do not guarantee a similar outcome with respect to any
future matter.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-monteverde--associates-pc-announces-an-investigation-of-magellan-petroleum-corporation---mpet-300389532.html
SOURCE Monteverde & Associates PC