NASDAQ GS
MRD

Memorial Resource Development Corp.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Memorial Resource Development Corp. (NASDAQ GS: MRD) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Memorial Resource Development Corp. (“MRD” or the “Company”) (NASDAQ GS: MRD) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Range Resources Corporation (“Range”) (NYSE: RRC), in a transaction valued at approximately $4.4 billion.

Under the terms of the agreement, shareholders of MRD will receive 0.375 shares of Range for each share of MRD they own.  Based on Range’s closing stock price on May 13, 2016, MRD shareholders would have received compensation valued at approximately $15.75 per share.

The investigation concerns whether MRD’s board of directors failed to adequately shop the Company and obtain the best possible value for MRD shareholders before entering into an agreement with Range.

If you own the common stock of MRD and purchased your shares before May 16, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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