VENOCO INC : Ryan & Maniskas, LLP Announces Investigation of Venoco, Inc.
08/30/2011| 10:40am US/Eastern
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Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/vq)
is investigating potential claims against the board of directors of
Venoco, Inc. ("Venoco" or the "Company") (NYSE: VQ) concerning possible
breaches of fiduciary duty and other violations of law related to the
Company's receipt of a proposal from its Chairman and CEO, Timothy M.
Marquez, to acquire the remainder of the Company he does not already own
for $12.50 per share in cash (the "Proposal").
Our investigation focuses on whether Venoco's board is undertaking a
fair process to obtain maximum value and adequately compensate
shareholders in light of the company's recent positive financial
results. For more information regarding our investigation, please
contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at
(877) 316-3218 or by email at rmaniskas@rmclasslaw.com
or visit: www.rmclasslaw.com/cases/vq.
The Proposal contemplates Mr. Marquez's acquisition of all of the
outstanding shares of common stock of Venoco he does not already own for
$12.50 per share in cash. Mr. Marquez already owns approximately 50.3%
of the Company's outstanding common stock.
If you own shares of Venoco and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A.
Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online,
visit: www.rmclasslaw.com/cases/vq.
You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.
For more information about class action cases in general, please visit
our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal
courts nationwide.
Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/vq
© Business Wire 2011
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