Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Meridian Resource Corp. - TMR

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 30, 2009 -- New York, NY, December 30, 2009 -- Levi & Korsinsky is investigating the Board of Directors of Meridian Resource Corp. (“Meridian” or the “Company”) (NYSE: TMR) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Alta Mesa Holdings LP . Under the terms of the transaction, Meridian shareholders will receive $0.29 in cash for each Meridian share of common stock they own for a total transaction value of approximately $26.8 million.

The investigation concerns whether the Meridian Board of Directors breached their fiduciary duties to Meridian shareholders given that (i) Meridian stock traded as high as $0.51 as recently as September 10, 2009; (ii) the Company has a book value of $0.56 per share; and (iii) at least one analyst set a price target for Meridian stock at $2.50 per share.

If you own common stock in Meridian and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/tmr1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com

Contact:
Joseph Levi
Levi & Korsinsky, LLP
New York, NY
212-363-7500
info@zlk.com
http://www.zlk.com

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