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MEMORIAL RESOURCE DEVELOPMENT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Memorial Resource Development Corp. (MRD) Over the Proposed Sale of the Company to Range Resources Corporation

NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Memorial Resource Development Corp. (“Memorial” or the “Company”) (NASDAQ:MRD) for potential breaches of fiduciary duties in connection with the sale of the Company to Range Resources Corporation (“Range”) for approximately $4.4 billion.