0 users liked this posts users disliked this posts 1
Investigation Of Buyout
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Berry Petroleum Company (“Berry” or the “Company”) (NYSE: BRY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by LINN Energy, LLC (NASDAQ GS: LINE) and LinnCo, LLC (NASDAQ GS: LNCO) (collectively, the “Linn Group”) in a transaction valued at approximately $4.9 billion, including the assumption of debt.
This is not an investigation. This is just another one of those slimy, ambulance chasing law firms trolling for a plaintiff to pursue a settlement fee at the expense of shareholders. It happens with every acquisition these days. In fact, companies budget for the expense as part of their merger budget because it as sure to happen as the sun rising in the east and setting in the west.