The Briscoe Law Firm and Powers Taylor LLP Announce Investigation of Encore Energy Partners LP

DALLAS--(BUSINESS WIRE)--The Briscoe Law Firm, PLLC, founded by a former enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Encore Energy Partners LP (“Encore Energy” or “ENP”) (NYSE: ENP) related to the acquisition of Encore Energy by Vanguard Natural Resources, LLC (“Vanguard”).

Under the definitive merger agreement, Encore Energy will become a wholly owned subsidiary of Vanguard through a merger transaction in which Encore Energy unit holders will receive only 0.75 common units of Vanguard in exchange for each common unit of Encore Energy/ENP owned.

The firms are investigating the fairness of the proposed transaction to Encore Energy unit holders, whether the unit holders are being underpaid for their ownership interests, and whether Encore Energy acted in the unit holders’ best interests. In particular, Vanguard owns the general partner of Encore Energy and owns approximately 45.6% of the outstanding common units of Encore Energy. Further, the acquisition price represents only an approximate 4.4% premium to Encore Energy’s closing price on March 24, 2011. Based on these and other factors, the firms are critically evaluating whether Encore Energy’s Board of Directors considered all potential alternatives to the deal and obtained the best price for the unit holders.

If you currently own units of Encore Energy/ENP and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm with a nationwide practice representing clients in a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.