NEW YORK, May 7, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Forest Oil Corporation ("Forest Oil" or "the Company") (NYSE: FST) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sabine Oil & Gas LLC.

Click here to learn more about the investigation: http://zlk.9nl.com/forest-oil-fst, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, shareholders of Forest Oil common stock will receive 0.1 of a share of the post-merger company, Sabine Oil & Gas Corporation, for each share of Forest Oil common stock they own; concurrent with the merger, Sabine's parent company will contribute its equity interest in Sabine to Sabine Oil & Gas in exchange for approximately 33 million shares in the new company. As a result of the transaction, former Forest Oil shareholders will own approximately 26.5% percent of the outstanding Sabine Oil & Gas common stock. The investigation concerns whether the Forest Oil Board of directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Sabine Oil & Gas LLC is underpaying for Forest Oil shares.

If you own Forest Oil common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/forest-oil-fst.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C.  The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits.  The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com

Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO

SOURCE Levi & Korsinsky, LLP