The Law Offices of Nicholas Koluncich III, LLC Announces Investigation of Venoco Share Purchase Offer

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--

The Law Offices of Nicholas Koluncich III, LLC is investigating possible breaches of fiduciary duty by the Board of Directors of Venoco, Inc. (VQ) arising out of the proposed acquisition of Venoco by Timothy M. Marquez, the company's Chairman and CEO. Shareholders seeking information or an evaluation of their legal rights are encouraged to contact The Law Offices of Nicholas Koluncich III, LLC.

In Venoco's August 29, 2011 press release, the company announced that CEO Marquez had made an offer to acquire all the stock in the company for cash. Under the terms of the proposal, Venoco shareholders would receive payment of $12.50 in exchange for each share of Venoco common stock. This investigation concerns the timing of the proposed acquisition of shares for $12.50 when Venoco Inc.'s own Form 10K for the year ending December 31, 2011 informs that shares were trading as high as $20.17 during that time period.

Individuals, former employees and shareholders having or seeking information about this company or its directors and officers are asked to swiftly contact The Law Offices of Nicholas Koluncich III, LLC. Initial consultation is free of charge and all information shall be treated as privileged and confidential. Although success in litigation is never assured, Venoco shareholders may be eligible for some form of financial recovery.

Law Offices of Nicholas Koluncich III, LLC
6501 Americas Parkway NE
One Park Square – Suite 820
Albuquerque, NM 87110
(505) 881-2228
FAX (505) 881-4288
nkoluncich@newmexicoclassactions.com

The Law Offices of Nicholas Koluncich III, LLC has been representing individual and institutional investors for over a decade, and served as counsel in numerous cases in U.S. federal and state courts.