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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of DEP

02-24-2011 05:59 PM CET | Politics, Law & Society

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of Duncan Energy Partners L.P. for possible breaches of fiduciary duty and other violations of state law in connection with a proposal from Enterprise Products Partners L.P. to acquire all the outstanding common units of the Company in an exchange valued at approximately $2.4 billion.

New York, NY, February 24, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Duncan Energy Partners L.P. (“Duncan Energy Partners” or the “Company”) (NYSE: DEP) for possible breaches of fiduciary duty and other violations of state law in connection with a proposal from Enterprise Products Partners L.P. (“Enterprise”) (NYSE: EPD) to acquire all the outstanding common units of the Company in an exchange valued at approximately $2.4 billion. Under the terms of the proposal, Duncan unitholders would receive 0.9545 Enterprise common units for each of Duncan unit they hold. Based on the prior closing price of Enterprise, the proposal values Duncan unit at approximately $41.71 each.

Click here to learn more about the investigation: http://www.zlk.com/duncan-energy-partners-dep.html, or call: 877-363-5972.

The investigation concerns whether the Duncan Energy Partners Board of Directors is conducting an adequate sales process and acting to maximize the value of Duncan Energy Partners units. Enterprise already owns 100% of Duncan’s general partner and owns approximately 58% of Duncan’s outstanding common units.

If you own common stock in Duncan Energy Partners and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/duncan-energy-partners-dep.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation

Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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