NEW YORK, May 2, 2016 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of VAALCO Energy, Inc. ("VAALCO" or the
"Company") (NYSE: EGY), concerning whether the board has breached
its fiduciary duties to shareholders.
In September 2015, the Board of
VAALCO approved a shareholder rights plan and severance packages
for the Company's CEO and CFO. The severance packages provide
for, among other things, significant windfall payments in the event
of termination. The shareholder rights plan is designed to
affect potential acquirers of the company with more than 10% of
VAALCO's outstanding stock and prevent an acquisition of the
company by a third party.
Our investigation concerns whether the Company board of
directors has breached its fiduciary duties to shareholders,
grossly mismanaged the Company, and/or committed abuses of control
in connection with the foregoing.
If you own VAALCO 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.
Benjamin I. Sachs-Michaels, Esq.
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
Follow us on Twitter: @HarwoodFeffer
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.
Attorney Advertising. 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.
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SOURCE Harwood Feffer LLP