NEW YORK, Jan. 31, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Venoco, Inc. VQ (referred to as "Venoco" or the "Company") to Timothy M. Marquez, Venoco's Chairman and CEO, through a wholly owned entity, Denver Parent Corporation.  The transaction implies a total enterprise value of approximately $1.5 billion.

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Under the terms of the definitive agreement, Venoco shareholders, excluding Mr. Marquez and his affiliated entities, will receive $12.50 per share in cash upon completion of the transaction.  Mr. Marquez, together with affiliated trusts and foundations, holds 50.3% of Venoco's common stock.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Venoco common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Venoco and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com.  All e-mail correspondence should make reference to Venoco.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:
Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone:   212-213-6222
Fax:      212-213-9405
Email: counsel@nyclasslaw.com

SOURCE Bull & Lifshitz, LLP