Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Venoco, Inc. (NYSE: VQ). It was announced that Venoco's Chairman and CEO, Timothy Marquez, who owns approx. 50.3% of Venoco's shares, has proposed to acquire the remaining shares of Venoco that he does not already own for $12.50 per share.

The investigation concerns, among other things, whether the consideration to be paid to Venoco shareholders is unfair, inadequate, and substantially below the fair or inherent value of Venoco. Indeed, analysts estimate the true inherent value of the stock is worth at least $24 per share. The investigation further concerns whether the board of directors of Venoco, including Timothy Marquez may have breached their fiduciary duties by not acting in Venoco shareholders' best interests in connection with the sale process of Venoco.

If you own Venoco common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com