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Law Firm Brower Piven Announces Investigation of EPL Oil & Gas, Inc. Proposed Buyout
[March 19, 2014]

Law Firm Brower Piven Announces Investigation of EPL Oil & Gas, Inc. Proposed Buyout

STEVENSON, Md. --(Business Wire)--

The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of EPL Oil & Gas, Inc. ("EPL" or the "Company") (NYSE: EPL) and other violations of state law by the board of directors of EPL relating to the proposed buyout of the Company by Energy XXI.

Under the terms of the transaction, EPL shareholders will receive $39 per share for each share of EPL stock they own. According to Yahoo! Finance, t least one analyst following EPL has set a target price of $44 per share. The firm's investigation seeks to determine, among other things, whether the Company's board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Energy XXI is underpaying for EPL shares.

If you currently own common stock of EPL and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

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