GPM Reminds Investors of the May 2 Deadline in the Class Action Lawsuit Against Vanguard Natural Resources, LLC and Encourages Investors to Contact the Firm

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 2, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of individuals who beneficially held 7.875% Senior Notes due 2020 (“2020 Notes”) of Vanguard Natural Resources, LLC (“Vanguard” or the “Company”) (NASDAQ: VNR) from February 10, 2016 to the present.

According to the complaint, Vanguard and its subsidiary, VNR Finance Corp., orchestrated a private debt exchange offer that excluded certain investors from participating in the exchange, and negatively impacted the value of the retail bondholders’ 2020 Notes.

On January 8, 2016, Vanguard announced a proposed private debt exchange for only Qualified Institutional Buyers—bondholders who own and invest at least $100 million in securities—and persons located outside of the U.S. (the “Exchange Offer”). Non-qualified investors could not participate in the exchange and did not receive any documents informing them of how the Exchange Offer would affect their interests.

The Complaint alleges that Vanguard officers knew that the Exchange Offer would negatively impact the liquidity, marketability, and market price of the 2020 Notes, and concealed this information from the class members. Vanguard benefited from The Exchange Offer at the expense of the class members, whose 2020 Notes dropped in value. Vanguard's choice to pursue the transaction benefiting only a minority of 2020 Note holders allegedly violated the implied covenant of good faith and fair dealing. The obligations in the 2020 Notes were made secondary to the obligations in the 2023 Notes, weakening class members' right to receive payment of the principal and interest under the 2020 Notes and the right to sue to compel such payment.

If you are a Vanguard 2020 Notes holder, you may move the Court no later than May 2, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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