PVAC - READ NOW: Monteverde & Associates PC Announces an Investigation of Penn Virginia Corporation - PVAC
NEW YORK NY / ACCESSWIRE / January 1, 2019 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Penn Virginia Corporation ("Penn Virginia " or the "Company") (NasdaqGS: PVAC) for possible breaches of fiduciary duty related to the sale of the company to Denbury Resources, Inc. (NYSE: DNR). Under the terms of the proposed transaction, shareholders of Penn will receive only 12.4 shares of Denbury common stock and $25.86 in cash , or elect to receive all cash, all stock, or a combination thereof subject to proration, for each share of Penn that they own.
Click here for more information: https://www.monteverdelaw.com/case/penn-virginia-corporation.It is free and there is no cost or obligation to you.
The investigation focuses on whether Penn Virginia and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
Monteverde & Associates PC is a national class action securities and consumer litigation law firmthat has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017 and 2018 an award given to less than 2.5% of attorneys in a particular field.He has also been selected by Martindale-Hubbell as a 2017 and 2018 Top Rated Lawyer.
If you own common stock inPenn Virginia and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2018 Monteverde & Associates PC.The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).Prior results do not guarantee a similar outcome with respect to any future matter.
Source: Monteverde & Associates PC.
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