Lonestar Resources US Inc.
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LONESTAR RESOURCES MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF LONESTAR RESOURCES US INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – LONE
July 15, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Lonestar Resources US Inc. (OTCQX: LONE) to Penn Virginia Corporation is fair to Lonestar shareholders. Under the terms of the agreement, Lonestar shareholders will receive 0.51 shares of common stock of Penn Virginia for each share of common stock of Lonestar outstanding.
The investigation concerns whether Lonestar and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Lonestar shareholders; (2) determine whether Penn Virginia is underpaying for Lonestar; and (3) disclose all material information necessary for Lonestar shareholders to adequately assess and value the merger consideration. On behalf of Lonestar shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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