Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Vitesse Energy, Inc. (NYSE: VTS) and Lucero Energy Corp. is fair to Vitesse shareholders. In connection with the proposed transaction, Vitesse is expected to issue 8,175,000 shares of common stock to Lucero shareholders. Upon closing, Vitesse shareholders are expected to own approximately 80% of the combined company.
Halper Sadeh encourages Vitesse shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether Vitesse and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Vitesse shareholders; and (2) disclose all material information necessary for Vitesse shareholders to adequately assess and value the merger consideration.
On behalf of Vitesse shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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