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DUNE ENERGY SHAREHOLDER ALERT: Proposed Sale of Dune Energy, Inc. under Investigation by Johnson & Weaver, LLP in Connection with the Proposed Sale of the Company to Eos Petro, Inc.
[September 19, 2014]

DUNE ENERGY SHAREHOLDER ALERT: Proposed Sale of Dune Energy, Inc. under Investigation by Johnson & Weaver, LLP in Connection with the Proposed Sale of the Company to Eos Petro, Inc.


SAN DIEGO --(Business Wire)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Dune Energy, Inc. (OTCBB: DUNR) breached their fiduciary duties in connection with the proposed sale of the Company to Eos Petro, Inc.

Additional Information:

Dune Energy is an independent energy company that acquires, explores for, exploits, and develops crude oil and natural gas properties.

On September 18, 2014, Dune Energy announced it had signed a definitive agreement with Eos Petro. Under the terms of the agreement, Eos Petro will acquire all outstanding shares of Dune Energy for $0.30 per share in cash.

The investigation concerns whether Dune Energy's board failed to satisfy their duties to the Company's shareholders, including whether the board adequately pursued alternatives to the acquisition and whether theboard obtained the best price possible for the Company's shares of common stock. The investigation also concerns potential conflicts of interest as Dune Energy's management may benefit from post-acquisition employment or investment opportunities. Eos expects James Watt, Dune's CEO, to become the President and Chief Executive Officer of Eos at the closing of the merger. The $.30 per share acquisition price is far less than where the stock had traded several months ago at $1.90.



If you are a shareholder of Dune Energy and believe (1) the proposed buyout price is too low or (2) the merger benefits management more than the shareholders and (3) you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.

About Johnson & Weaver, LLP:


Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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