Petroleum Development Corporation (Nasdaq: PETD)

A class action lawsuit has been filed against Petroleum Development Corporation (doing business as PDC Energy) ("PDC") (NASDAQ: PETD) and its subsidiary, DP 2004 Merger Sub LLC ("Merger Sub"), in the U.S. District Court for the Central District of California on behalf of all persons or entities who owned limited partnership units in one or more of the following limited partnerships: PDC 2003-A Limited Partnership, PDC 2003-B Limited Partnership, PDC 2003-C Limited Partnership, PDC 2003-D Limited Partnership, PDC 2004-A Limited Partnership, PDC 2004-B Limited Partnership, PDC 2004-C Limited Partnership, PDC 2004-D Limited Partnership, PDC 2005-A Limited Partnership, PDC 2005-B Limited Partnership, and Rockies Region Private Limited Partnership, whose limited partnership units were cashed out pursuant to merger transactions in 2010 and 2011.

Plaintiffs' complaint asserts claims against PDC and Merger Sub for alleged violations of Section 14(a) of the Securities and Exchange Act of 1934 and SEC Rule 14a-9 in connection with these mergers. Plaintiffs allege that the proxy statements used to solicit limited partners to vote in favor of these mergers made false and misleading statements and omitted material facts regarding the value of the assets held by the partnerships. The complaint further alleges that the limited partners were cashed out at unfair prices and that PDC was enriched at the expense of the limited partners. In addition to securities law violations, plaintiffs also assert state law claims for breach of fiduciary duty.

If you owned any limited partnership units in the above-listed partnerships at the time of the cash out mergers and would like to discuss your options of exercising your rights as a shareholder, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

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