NEW ORLEANS, March 24, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 20, 2014 to file lead plaintiff applications in a securities class action lawsuit against Eagle Rock Energy Partners, L.P. (Nasdaq:EROC), on behalf of unitholders of Eagle Rock as of December 23, 2013. This action is pending in the United States District Court for the Southern District of Texas.
What You May Do
If you purchased units of Eagle Rock and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 20, 2014.
About the Lawsuit
Eagle Rock, its Board of Directors, Eagle Rock Energy G&P, LLC, the general partner of Eagle Rock Energy GP, L.P., Regency Energy Partners LP ("Regency LP"), and Regal Midstream LLC (with Regency LP, "Regency") are charged with breaching their duties, aiding and abetting breaches of duties and/or with issuing a series of materially false and misleading statements, violating federal securities laws, in connection with the proposed acquisition of Eagle Rock by Regency.
Eagle Rock's January 31, 2014 Preliminary Proxy and March 18, 2014 Definitive Proxy, which recommend that Eagle Rock unitholders vote in favor of the Proposed Acquisition, omits and/or misrepresents material information about, among other things, the sales process for the Company's midstream business, conflicts of interest infecting the sales process, and the actual value of the Company.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.