Robbins Arroyo LLP Is Investigating the Officers and Directors of Earthstone Energy, Inc. (ESTE) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Earthstone Energy, Inc. (NYSE MKT: ESTE) breached their fiduciary duties to shareholders. Earthstone, an independent oil and natural gas exploration and production company, focuses on the acquisition, development, exploration, and production of onshore, crude oil, and natural gas reserves in the United States.
Earthstone Set to Combine with Bold Energy
Pursuant to an agreement between Earthstone and the privately held company Bold Energy III LLC, the companies will combine, leaving Earthstone shareholders with less than one third of the surviving company. According to the terms, Bold will purchase 36,070,828 shares of Class B common stock for nominal consideration from Earthstone. Further, the Earthstone name will survive and the current management will continue to run the company.
Earthstone Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.
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