The Law Office of Robbins Arroyo LLP Announces that It Has Filed a Class Action Lawsuit Against LRR Energy, L.P. (LRE)
September 2, 2015 (San Diego, CA & Houston, TX) Shareholder rights law firm Robbins Arroyo LLP announces that it filed a class action lawsuit on August 18, 2015, in the U.S. District Court for the District of Delaware (the “Court”) on behalf of the shareholders of LRR Energy, L.P. (“LRR Energy”) (NYSE: LRE) against its Board of Directors, Vanguard Natural Resources, LLC (“Vanguard”), and Lighthouse Merger Sub, LLC for, among other things, violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and U.S. Securities and Exchange Commission (“SEC”) Rule 14a-9 promulgated thereunder.
LRR Energy Is Accused of Disseminating a False and Misleading Proxy Statement
The action arises out of an April 20, 2015 press release announcing that LRR Energy had entered into a Purchase Agreement and Plan of Merger with Vanguard pursuant to which a subsidiary of Vanguard will merge into LRR Energy, while Vanguard simultaneously acquires LRE GP, LLC, the general partner of LRR Energy (collectively, “LRR Energy”), for total consideration of $251 million in Vanguard common units and the assumption of LRR Energy’s net debt of $288 million (the “Proposed Transaction”). The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated LRR Energy shareholders (the “Class”). The named plaintiff is represented by Robbins Arroyo LLP.
The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading Proxy Statement with the SEC in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to LRR Energy shareholders’ ability to make an informed decision whether to approve the Proposed Transaction.
If you purchased or otherwise acquired LRR Energy stock on, or prior to, the April 20, 2015 announcement of the Proposed Transaction, and wish to serve as lead plaintiff, you must move the Court no later than sixty days from September 2, 2015.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Darnell R. Donahue of Robbins Arroyo LLP at 800-350-6003, or you can complete the form below and we will contact you directly.