Law Office of Brodsky & Smith, LLC Announces Investigation of Brigham Exploration Company

BALA CYNWYD, Pa.--(BUSINESS WIRE)--

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Brigham Exploration Company (“Brigham” or the “Company”) BEXP relating to the proposed acquisition by Statoil ASA. (“Statoil”).

Under the terms of the transaction Brigham shareholders would receive $36.50 in cash for each share of Brigham stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Brigham for not acting in the Brigham shareholders' best interests in connection with the sale process to Statoil. The transaction may undervalue the Company as an analyst has set a price target of $45.00 for Brigham stock.

If you own shares of Brigham stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/344-bexp-brigham-exploration-company.html, or by calling toll free 877-LEGAL-90.