Eagle Rock Energy Partners, L.P. Securities Litigation
On or around 10/21/2016 (Date of order of final judgment)
Filing Date: June 01, 2015
According to the Complaint, on May 21, 2015, Vanguard and the Partnership announced a definitive agreement under which Vanguard, through its wholly owned subsidiary Talon Merger Sub, LLC (“Merger Sub”), will acquire all of the outstanding units of Eagle Rock for 0.185 Vanguard units per Eagle Rock unit (the “Proposed Transaction”). Based on the closing price of Vanguard’s units on May 21, 2015, the implied per unit price that Eagle Rock unitholders will receive is $3.05. Inclusive of debt, the Proposed Transaction is valued at approximately $614 million and is expected to close in the third quarter of 2015. The Complaint alleges the Board has breached its fiduciary duties by agreeing to the Proposed Transaction for inadequate consideration.
The Court ordered this case dismissed with prejudice on October 21, 2016.
Company & Securities Information
Defendant: Eagle Rock Energy Partners, L.P.
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: EROC
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Pieter Heydenrych, et al. v. Eagle Rock Energy Partners, L.P., et al.
COURT: S.D. Texas
DOCKET #: 15-CV-01470
JUDGE: Hon. Sim Lake
DATE FILED: 06/01/2015
CLASS PERIOD START: 05/21/2015
CLASS PERIOD END: 06/01/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Levi & Korsinsky, LLP 30 Broad Street, 15 1h Floor, Levi & Korsinsky, LLP, NY 10004 212.363.7500 212.363-7171 ·