An investigation on behalf of current in investors in Legacy Reserves LP (NASDAQ: LGCY), who purchased their shares before the April 03, 2009, over potential breach of fiduciary duty by the board of directors of Legacy Reserves LP arising out of their attempt to sell the Legacy Reserves LP to Apollo Management VII, LP under the present conditions.

On April 03, 2009 Legacy Reserves LP announced that the Board of Directors of its general partner has received a proposal from Apollo Management VII, LP to acquire all of the outstanding units of Legacy Reserves LP at a cash purchase price of $14.00 per unit, subject to adjustment for any distributions paid to the partnership's limited partners. The investigation by a law firm focuses on shareholder claims for breach of fiduciary duty by the board of directors of Legacy Reserves LP to Apollo Management VII, LP under the presented conditions. The transaction appears to be unfair, so the investigation, given the fact that, among other things, shares of Legacy Reserves LP (NASDAQ: LGCY) traded as high as $18.60 in September 2008. Shares of Legacy Reserves LP (NASDAQ: LGCY) reached $25.76 per share in the 52weekHigh and reached almost $30 per share in 2007.

Legacy Reserves LP is an independent oil and natural gas company focused on the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin and Mid-continent regions of the United States. Legacy Reserves LP is located in Midland Texas and had $112.24million in total revenue in 2007 and $215.42million in total revenue in 2008 with a net income of $158million in 2008.