Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Meridian Resource Corporation
23 Diciembre 2009 - 4:23PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of the common stock of Meridian Resource Corporation
(“Meridian” or the “Company”) (NYSE: TMR) for possible breaches of
fiduciary duty and other violations of state law in connection with
an agreement by the Company’s Board of Directors to allow the
Company to be acquired by Alta Mesa Holdings, LP (“Alta Mesa”) in a
cash transaction valued at approximately $0.29 per Meridian common
share, or $26.8 million in the aggregate.
The current investigation concerns the price to be paid by Alta
Mesa to Meridian shareholders and the process by which Meridian’s
Board of Directors is addressing the transaction, including whether
Meridian’s Board of Directors breached its fiduciary duties to the
Company’s shareholders by agreeing to sell the Company at an unfair
price. Whereas Meridian’s shareholders will receive $0.29 per share
under the terms of the proposed transaction, Meridian common stock
was trading at over $0.29 per share as recently as December 3,
2009.
If you own the common stock of Meridian and wish to obtain
additional information about this matter, please contact Aaron
Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983
or 1-212-687-7230, or by email to ssbny@aol.com or by writing to
Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
Stull, Stull & Brody has litigated many class actions for
violations of securities laws and breaches of fiduciary duty on
behalf of defrauded investors over the past 40 years and has
obtained court approval of substantial settlements on numerous
occasions. Stull, Stull & Brody has offices in New York and Los
Angeles.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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