An investigation on behalf of investors, who currently hold shares of Stone Energy Corporation (NYSE:SGY), was announced concerning whether the takeover of Stone Energy Corporation by Talos Energy LLC is unfair to NYSE:SGY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Stone Energy Corpo. breached their fiduciary duties owed to NYSE:SGY investors in connection with the proposed acquisition.

On November 21, 2017, Talos Energy LLC ('Talos') and Stone Energy Corporation (NYSE: SGY; 'Stone') announced that their Boards of Directors have approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company.

However, given that at least one analyst has set the high target price for NYSE:SGY shares at $35.00 per share, the investigation concerns whether the offer is unfair to NYSE:SGY stockholders. More specifically, the investigation concerns whether the Stone Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.