NEW YORK--(BUSINESS WIRE)--WeissLaw LLP, a national class action, shareholder rights law firm with offices in New York and Los Angeles, is examining possible breaches of fiduciary duty and other violations of law by the Board of Directors of Berry Petroleum Company (“Berry” or the “Company”) (NYSE: BRY) for agreeing to be acquired by Linn Energy, LLC (“Linn Energy”). Under the agreement, Berry shareholders will receive a fixed 1.25 shares of LinnCo LLC (“LinnCo”) common stock, representing approximately $46.24 per share based on LinnCo’s closing price on February 20, 2013. LinnCo is a publicly traded company whose only asset is its ownership interest in Linn Energy.
WeissLaw LLP is investigating whether Berry’s Board acted in the best interests of Berry’s public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with Linn Energy. The offer price is a significant discount to Berry’s 52-week high of $57.26. If you own Berry shares and would like more information about your rights or our investigation, please contact Kelly C. Keenan either by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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