Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Encore Acquisition Co. - EAC

November 4, 2009 9:58 AM EST

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Encore Acquisition Co. ("Encore" or the "Company") (NYSE: EAC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Denbury Resources, Inc. (NYSE: DNR). Under the terms of the transaction, Encore shareholders will receive $15.00 in cash and $35.00 in Denbury common stock for each Encore share they own. Denbury has also agreed to assume approximately $1.24 billion of Encore's debt.

The investigation concerns whether Encore's Board of Directors have breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Denbury is underpaying for Encore's shares, thus unlawfully harming Encore's stockholders.

If you own common stock in Encore and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/eac1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

    Source: Levi & Korsinsky, LLP

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