| 04-16-2012 09:46 PM CET - Business, Economy, Finances, Banking & Insurance |
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Vanguard Natural Resources, LLC (VNR) Investor Investigation focuses on possible Wrongdoing
Press release from: Shareholders Foundation
An investigation for shareholders of Vanguard Natural Resources, LLC (NYSE:VNR) over possible securities laws violations was announced and NYSE:VNR stockholders should contact the Shareholders Foundation.
San Diego, CA, USA (April 17, 2012) -- The Shareholders Foundation announces that an for investors in Vanguard Natural Resources, LLC (NYSE:VNR) shares was initiated concerning whether over possible certain directors and officers at Vanguard Natural Resources breached of fiduciary duties in connection with certain transactions.
Investors who purchased shares of Vanguard Natural Resources, LLC (NYSE:VNR) and currently hold those have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Vanguard Natural Resources, LLC (NYSE:VNR).
On February 29, 2012 Vanguard Natural Resources, LLC announced that on February 21, 2012, pursuant to a Unit Exchange Agreement, by and among Vanguard Natural Resources, LLC and its wholly-owned subsidiary, Vanguard Natural Gas, LLC (collectively, the “Vanguard Parties”), and Majeed S. Nami Personal Endowment Trust and Majeed S. Nami Irrevocable Trust (collectively, the “Nami Parties”), the Vanguard Parties agreed to exchange all of the ownership interests in each of Ariana Energy, LLC and Trust Energy Company, LLC, which entities hold the Company’s natural gas and oil assets in the Appalachian Basin (the “Exchange Assets”), for 1.9 million common units representing limited liability company interests in the Company.
However, Vanguard Natural Resources, LLC announced that also said that the agreement was entered into with entities controlled by or affiliated with Majeed S. Nami, who was a founding unitholder when Vanguard Natural Resources, LLC went public in October of 2007.
Shares of Vanguard Natural Resources, LLC (NYSE:VNR) traded in April 2011 as high as $33 per share in April 2011 and during March 19, 2012 as high as $29.57 per share.
However NYSE:VNR shares closed on Friday, April 13, 2012 at $27.62 per share.
Those who are current long term investors in shares Vanguard Natural Resources, LLC (NYSE:VNR), have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Media Contact:
Joelle Day
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com
This release was published on openPR.
San Diego, CA, USA (April 17, 2012) -- The Shareholders Foundation announces that an for investors in Vanguard Natural Resources, LLC (NYSE:VNR) shares was initiated concerning whether over possible certain directors and officers at Vanguard Natural Resources breached of fiduciary duties in connection with certain transactions.
Investors who purchased shares of Vanguard Natural Resources, LLC (NYSE:VNR) and currently hold those have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Vanguard Natural Resources, LLC (NYSE:VNR).
On February 29, 2012 Vanguard Natural Resources, LLC announced that on February 21, 2012, pursuant to a Unit Exchange Agreement, by and among Vanguard Natural Resources, LLC and its wholly-owned subsidiary, Vanguard Natural Gas, LLC (collectively, the “Vanguard Parties”), and Majeed S. Nami Personal Endowment Trust and Majeed S. Nami Irrevocable Trust (collectively, the “Nami Parties”), the Vanguard Parties agreed to exchange all of the ownership interests in each of Ariana Energy, LLC and Trust Energy Company, LLC, which entities hold the Company’s natural gas and oil assets in the Appalachian Basin (the “Exchange Assets”), for 1.9 million common units representing limited liability company interests in the Company.
However, Vanguard Natural Resources, LLC announced that also said that the agreement was entered into with entities controlled by or affiliated with Majeed S. Nami, who was a founding unitholder when Vanguard Natural Resources, LLC went public in October of 2007.
Shares of Vanguard Natural Resources, LLC (NYSE:VNR) traded in April 2011 as high as $33 per share in April 2011 and during March 19, 2012 as high as $29.57 per share.
However NYSE:VNR shares closed on Friday, April 13, 2012 at $27.62 per share.
Those who are current long term investors in shares Vanguard Natural Resources, LLC (NYSE:VNR), have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Media Contact:
Joelle Day
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com
This release was published on openPR.
News-ID: 218103
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