Brodsky & Smith Announces Investigation of Lucero Energy Corp. (PHIF) Via Investing.com
Bala Cynwyd, Pennsylvania–(Newsfile Corp. – December 20, 2024) – The law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Lucero Energy Corp. (TSXV: LOU) (OTCQB: PSHIF) (“Lucero” or the “Company”) for possible breach of fiduciary duty and other violations of federal and state law in connection with the Company’s sale to Vitesse Energy, Inc. (“Vitesse”) (NYSE: VTS). Under the terms of the agreement, Lucero shareholders will receive 0.01239 of a share of Vitesse common stock for each common share of Lucero.
The investigation concerns whether the Lucero Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal provided fair value to the Company’s shareholders.
Brodsky & Smith is a law firm with extensive experience representing shareholders nationwide in securities and class action litigation matters. Brodsky & Smith attorneys have been appointed by numerous courts across the country to serve as leading class action counsel and successfully recover millions of dollars for our clients and shareholders. Advocate advertising. Previous results do not guarantee the same result.
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