Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Memorial Resource Development Corp. (“Memorial” or the “Company”) (NASDAQ:MRD) for potential breaches of fiduciary duties in connection with the sale of the Company to Range Resources Corporation (“Range”) for approximately $4.4 billion.

The Company’s stockholders will only receive 0.375 shares of Range common stock for each share of Company common stock they own. Based on Range’s closing price on May 19, 2016, the transaction values Memorial at a price of $14.98 per share. However, this consideration is below at least one analyst’s price target of $23.00 per share and Memorial’s 52-week high of $20.60 per share.

Click here for more information: www.faruqilaw.com/MRD. There is no cost or obligation to you.

The investigation focuses on whether Memorial’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Memorial’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Memorial and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MRD or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY 10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212) 983-9330

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