NEW YORK, March 26, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Western District of Oklahoma on behalf of investors who held Equal Energy Ltd. ("Equal" or the "Company") (NYSE:EQU) common stock on December 9, 2013.
Click here to learn more about the action http://zlk.9nl.com/equal-energy, or call: 877-363-5972. There is no cost or obligation to you.
On December 9, 2013, Equal announced that Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. (collectively "Petroflow") would acquire the Company for $5.43 per share. On December 31, 2013, the Company filed a Preliminary Proxy with the SEC, advising shareholders to approve the Agreement and vote in favor of the Proposed Acquisition.
The complaint alleges that the Preliminary Proxy contains false and/or misleading statements regarding: (a) the Company's current and future value; (b) benefits that only Company insiders would receive as a result of the Proposed Acquisition; (c) details concerning the sales process and potential conflicts of interests by persons involved; and (d) the financial analysis conducted by the Company's financial advisor.
Shareholders of Equal have until March 31, 2014 to seek appointment as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/equal-energy.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP