The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Brigham Exploration Company

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Brigham Exploration Company (“Brigham Exploration” or “BEXP”) (NASDAQ: BEXP) to Statoil ASA for shareholders. Under the proposed buyout, Brigham Exploration shareholders will receive only $36.50 in cash for each share of Brigham Exploration/BEXP stock owned, which is well below the target price of $45.00 per share recently announced by analysts and below the closing price of BEXP shares as recently as March 2011.