|[July 25, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of QR Energy, LP and Its Board of Directors In Connection With the Sale of the Company to Breitburn Energy LP
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of QR Energy,
LP ("QR Energy" or "the Company") (NYSE:QRE) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Breitburn Energy Partners LP (Nasdaq:BBEP).
Click here to learn more about the investigation: http://zlk.9nl.com/qr-energy-qre,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, QR Energy common shareholders and
owners of Class B units wil receive approximately 0.9856 of a Breitburn
unit for each unit of QR Energy they own, representing approximately
$22.48 per share. Shareholders owning approximately 37% of outstanding
QR Energy units have already agreed to tender their shares. The
investigation concerns whether the QR Energy Board breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Breitburn Energy Partners LP is underpaying for QR Energy shares.
If you own QR Energy common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/qr-energy-qre.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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