Harwood Feffer LLP Announces Investigation of Brigham Exploration Co.

NEW YORK--(BUSINESS WIRE)--Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Brigham Exploration Co. (“Brigham” or the “Company”) (NASDAQ: BEXP) concerning the proposed acquisition of the Company by Statoil ASA (“Statoil”) in a transaction valued at $4.4 billion.

On October 17, 2011, Statoil announced that it had entered into a definitive agreement pursuant to which Statoil will acquire Brigham. Under the terms of the agreement, Statoil will acquire all outstanding shares of Brigham for $36.50 per share in cash. At least eleven analysts have set price targets for Brigham stock at $39.00 or above, and at least one analyst has set a price target for Company stock of $45.00 per share.

Our investigation concerns whether the board of directors has breached its fiduciary duties by failing to adequately shop the Company and whether the board undertook a fair process and obtained fair consideration for Brigham stockholders.

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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

Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.