TMR Meridian Resource (The)

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.

Meridian (NYSE:TMR)
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De May 2024 a Jun 2024

Meridian (NYSE:TMR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024