PHILADELPHIA, PA / ACCESSWIRE / June 13, 2019 / Kaskela Law LLC announces that is investigating Midstates Petroleum Company, Inc. (NYSE: MPO) ("Midstates") on behalf of the company's shareholders.
On May 6, 2019, Midstates announced that it had entered into an agreement to merge with Amplify Energy Corp. ("Amplify"). In connection with the proposed transaction, Midstates plans to issue over 23 million shares of common stock to Amplify's shareholders, who are expected to own approximately 50% of the combined company upon completion of the transaction. Following this announcement, shares of Midstates' common stock have declined over 50% in value.
Kaskela Law LLC's investigation seeks to determine whether Midstates' executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, and whether Midstates shareholders are receiving all material information in connection with the transaction.
Midstates shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or online at http://kaskelalaw.com/case/midstates-petroleum/, for additional information about this investigation and to discuss their legal rights and options with respect to this matter.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com
[email protected]
SOURCE: Kaskela Law LLC