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Goodrich Petroleum Corporation Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Goodrich Petroleum Corporation (“Goodrich” or the “Company”) (NYSE: GDP) in connection with the proposed acquisition of the Company by a subsidiary of Paloma Partners VI Holdings, LLC, an affiliate of EnCap Energy Capital Fund XI L.P., via a tender offer.  Under the terms of the acquisition agreement, the Company’s shareholders will receive $23.00 per share in cash for each share of Goodrich common stock that they hold.  The transaction is valued at approximately $6.2 billion.

WeissLaw LLP is investigating whether (i) Goodrich’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $23.00 per-share offer price adequately compensates Goodrich’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, the offer price is below the $26.50 median price target set by analysts following the Company and at least one analyst set a price target for the Company of $50 per share, $27 above the per-share offer price.

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