November 30, 2018 - 8:00 AM EST
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Claims Administrator Angeion Group and Poynter Law Group Announce Proposed Class Action Settlement for Individuals Affected by Oklahoma Earthquakes

PHILADELPHIA, Nov. 30, 2018 /PRNewswire/ -- Angeion Group and Poynter Law Group of Little Rock, AR today announced that a proposed settlement has been reached in a class action lawsuit entitled Cooper v. New Dominion, Spess Oil Company, et al., Case No. CJ-2015-24, District Court of Lincoln County, Oklahoma. This class action lawsuit is brought on behalf of all persons who experienced property damage due to the earthquakes near Prague, Oklahoma, that occurred between November 5, 2011 and November 8, 2011. New Dominion, LLC is a Defendant in the case, but it continues to defend the allegations and is not part of this proposed Settlement.

The parties settling the lawsuit include Spess Oil Company, Equal Energy US, Inc., and Fairfield Oil & Gas Corp. ("Settling Defendants"). The Settling Defendants dispute and deny all of the allegations, and the Court has not decided who is right. The Settling Defendants have chosen to settle all claims of property damage due to earthquakes within 15 miles of Prague, Oklahoma, between November 5, 2011, and November 16, 2018.   

What Are the Terms of the Settlement?

Subject to the Court's approval, the Settling Defendants will collectively provide $925,000 into a Settlement Fund to be used to: (1) Fund cash payments to Settlement Class Members who submit timely and valid Claim Forms; (2) Pay reasonable fees and expenses of the Settlement Administrator; (3) Pay reasonable fees and expenses incurred by the Special Master; (4) Pay those sums awarded by the Court, if any, in connection with Class Counsel's Fees and Costs Application and Incentive Award Application.

Am I a Settlement Class Member?

The Settlement Class includes:  All persons who own or owned  commercial or residential real property in any or some combination of Lincoln, Payne, Logan, Oklahoma, Cleveland, Pottawatomie, Seminole, Okfuskee, and/or Creek counties in Oklahoma or have or had a property interest therein between November 5, 2011 through November 16, 2018, and which suffered earthquake damages from earthquakes with epicenters within 15 miles of Prague, Oklahoma, including but not limited to, those occurring between November 5, 2011 and November 8, 2011. 

How Do I Receive Settlement Benefits?

To qualify for a payment, Class Members must complete and submit a valid Claim Form either by mail, email or through the Settlement Website no later than April 29, 2019 and provide proof of your earthquake damages.

What Are My Other Rights?

Class Members who do not want to be legally bound by the Settlement must exclude themselves by December 31, 2018. Class Members who do not exclude themselves will release their claims against the Settling Defendants, as more fully described in the Settlement Agreement. Class Members who stay in the Settlement may object to it. Your objection, along with any supporting material you wish to submit, must be filed with the Court, with a copy delivered to the Settlement Administrator, Class Counsel, and Settling Defendant's Counsel received no later than January 8, 2019. The Court is scheduled to hold a hearing on January 18, 2019 at 9:30 a.m. to consider whether to approve the Settlement, Class Counsel's request for attorneys' fees up to 40% of the Settlement Fund, and expenses not to exceed $75,000, and a service award for the Class Representative of up to $7,500. If there are objections, the Court will consider them. You may appear at the hearing but are not required to do so.  You can hire your own attorney, at your own expense, to appear or speak for you at the hearing. 

How Can I Get More Information About the Settlement?

This notice is only a summary. If you have questions or would like more information, please visit www.OklahomaQuakes.com or call the Settlement Administrator toll-free at 1-877-450-8811.  Please do not contact the Court, the Settling Defendants, New Dominion or their respective counsel with questions regarding this lawsuit.

Media Contact: 

Angeion Group  
Douglas S. Clauson  
Director, Communications 
(215) 563-4116

 

Cision View original content:http://www.prnewswire.com/news-releases/claims-administrator-angeion-group-and-poynter-law-group-announce-proposed-class-action-settlement-for-individuals-affected-by-oklahoma-earthquakes-300756206.html

SOURCE Angeion Group


Source: PR Newswire (November 30, 2018 - 8:00 AM EST)

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