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Faruqi & Faruqi, LLP Announces Investigation of Venoco

Faruqi & Faruqi, LLP is investigating the Board of Directors of Venoco (NYSE: VQ) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to its chief executive officer, Timothy Marquez, who already holds 50.3 percent of the Company's stock, in an all-cash deal valued at about $770.2 million.

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