DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Forest Oil Corporation (“Forest Oil”) (NYSE: FST) related to the takeover by privately held Sabine Oil & Gas for shareholders. Under the terms of the transaction, Forest Oil shareholders will only receive 0.1 of a share of the post-merger company; concurrent with the merger, Sabine’s parent company will contribute its equity interest in Sabine to Sabine Oil & Gas in exchange for approximately 33 million shares in the new company. The takeover will result in former Forest Oil shareholders owning approximately 26.5% of the outstanding Sabine Oil & Gas common stock.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Forest Oil investigation centers on whether Forest Oil’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.