The action arises from Vanguard and Encore's joint announcement that Encore had entered into an Agreement and Plan of Merger with Vanguard whereby Vanguard will acquire all the outstanding publicly held units of Encore it does not already own (the "Proposed Merger"). The complaint alleges that on August 2, 2011, defendants jointly issued a materially false and misleading Registration Statement on Form S-4 (the "Proxy"). The complaint further alleges that the Proxy, which recommends that Encore unitholders vote in favor of the Proposed Merger, omits and/or misrepresents information that is material to the impending decision of Encore's unitholders whether to vote in favor of the Proposed Merger in violation of 14(a) of the 1934 Act.
San Diego, CA: A securities class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of a proposed class of Encore Energy Partners LP ("Encore") unitholders who held Encore units during the period beginning July 11, 2011 through and including the closing of the proposed acquisition of Encore by Vanguard Natural Resources LLC ("Vanguard").
The action arises from Vanguard and Encore's joint announcement that Encore had entered into an Agreement and Plan of Merger with Vanguard whereby Vanguard will acquire all the outstanding publicly held units of Encore it does not already own (the "Proposed Merger"). The complaint alleges that on August 2, 2011, defendants jointly issued a materially false and misleading Registration Statement on Form S-4 (the "Proxy"). The complaint further alleges that the Proxy, which recommends that Encore unitholders vote in favor of the Proposed Merger, omits and/or misrepresents information that is material to the impending decision of Encore's unitholders whether to vote in favor of the Proposed Merger in violation of 14(a) of the 1934 Act.
The action arises from Vanguard and Encore's joint announcement that Encore had entered into an Agreement and Plan of Merger with Vanguard whereby Vanguard will acquire all the outstanding publicly held units of Encore it does not already own (the "Proposed Merger"). The complaint alleges that on August 2, 2011, defendants jointly issued a materially false and misleading Registration Statement on Form S-4 (the "Proxy"). The complaint further alleges that the Proxy, which recommends that Encore unitholders vote in favor of the Proposed Merger, omits and/or misrepresents information that is material to the impending decision of Encore's unitholders whether to vote in favor of the Proposed Merger in violation of 14(a) of the 1934 Act.
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