Berry Petroleum Co. Merger Litigation (NYSE: BRY)

Law Office of Brodsky & Smith, LLC Announces Investigation of Berry Petroleum Co. 
 
BALA CYNWYD, February 25, 2013/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Berry Petroleum Co. (“Berry Petroleum” or the “Company”) (NYSE- BRY-News) relating to the proposed acquisition by an affiliate of Linn Energy LLC (“Linn Energy”).  
 
Under the terms of the transaction, Berry Petroleum shareholders will receive only $46.24 in cash for each share of Berry Petroleum stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Berry Petroleum for not acting in the Company’s shareholders' best interests in connection with the sale process to Linn Energy. The transaction may undervalue the Company and will result in a loss for many long term shareholders. For example Berry Petroleum stock traded at $55.74 as recently as February 28, 2012 and $60.24 on July 25, 2011. In addition, an analyst has set a $50.00 per share price target for Berry Petroleum stock. 
 
If you own shares of Berry Petroleum stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com by calling toll free 877-LEGAL-90. 

To Join the Berry Petroleum Co. Litigation

  1. Fill out this form





    By clicking on the submit button, I acknowledge that I have downloaded and read both the Merger Class Action Lawsuit Retainer Agreement and Class Representative Rights and Responsibilities documents, and agree to retain Brodsky & Smith, LLC to file an action against Berry Petroleum Co. in connection with this case. Brodsky & Smith, LLC will prosecute the action on a contingent fee basis and will advance all costs and expenses.

View Complaint

The complaint is unavailable at this time

Join Other Cases

Frequently Asked Questions

 


Website design, management and hosting by LegalGraphicArts.com