SAN DIEGO, Aug. 13, 2018 /PRNewswire/ -- Robbins Arroyo LLP and Cooch and Taylor, P.A. announce proposed settlement of class action and settlement hearing in a lawsuit named Hurwitz v. Mullins, et al., Case No.: 1:15-cv-00711-MAK.
IN THE UNITED STATES DISTRICT COURT
IN AND FOR THE DISTRICT OF DELAWARE
ROBERT HURWITZ, on Behalf of Himself and All Others Similarly Situated, Plaintiff, v. ERIC MULLINS, CHARLES W. ADCOCK, JONATHAN C. FARBER, TOWNES G. PRESSLER, JR., JOHN A. BAILEY, JONATHAN P. CARROLL, SCOTT W. SMITH, RICHARD A. ROBERT, W. RICHARD ANDERSON, BRUCE W. MCCULLOUGH, and LOREN SINGLETARY, Defendants.
Case No.: 1:15-cv-00711-MAK
SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION AND SETTLEMENT HEARING
TO: ALL PERSONS WHO HELD LRR ENERGY, L.P. ("LRE") COMMON UNITS DURING THE PERIOD AS OF AUGUST 28, 2015 THROUGH AND INCLUDING OCTOBER 5, 2015 AND WHO RECEIVED VANGUARD NATURAL RESOURCES, LLC COMMON UNITS IN EXCHANGE FOR SUCH LRE COMMON UNITS ON OR ABOUT OCTOBER 5, 2015 (THE "CLASS").
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the U.S. District Court in and for the District of Delaware, that a hearing will be held on December 14, 2018, at 12:30 p.m., before the Honorable Mark A. Kearney, U.S. District Judge, at the U.S. District Court in and for the Eastern District of Pennsylvania, James A. Byrne U.S. Courthouse, 601 Market Street, Philadelphia, PA 19106, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Action as described in the Stipulation of Settlement (and all addendums thereto) for the principal amount of $8 million should be approved by the Court as fair, reasonable, and adequate; (2) whether a Final Judgement and Order of Dismissal with Prejudice should be entered by the Court dismissing the Action with prejudice; (3) whether the proposed distribution of the Settlement Fund and Plan of Allocation are fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Class Counsel for the payment of attorneys' fees and expenses and Class Representative's time and effort expended on behalf of the Class in this Action should be approved.
IF YOU HELD ANY LRE COMMON UNITS AS OF AUGUST 28, 2015 THROUGH AND INCLUDING OCTOBER 5, 2015, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.
If you are a Class Member and did not receive in the mail a notice of class pendency pursuant to the Court's January 17, 2018 Order or a detailed Notice of Proposed Settlement of Class Action and Settlement Hearing ("Notice"), you must submit a Proof of Claim and Release form by mail or online received no later than November 26, 2018 in order to receive an Initial Settlement Payment of $5.00. You can obtain a copy of the Proof of Claim and Release form by writing to LRR Energy Securities Litigation Settlement, c/o GCG, P.O. Box 10532, Dublin, OH 43017-4532, or via the Internet at www.lrrenergysecuritieslitigation.com. Additionally, to receive a portion of the Net Settlement Amount based on your pro rata share of your Vanguard units owned by Class Members, you must submit a Proof of Claim and Release form by the above date, establishing that you are entitled to the further recovery. You will be bound by any judgment rendered in the Action unless you have already timely and validly requested to be excluded from the Class.
Any objection to the Settlement, the Plan of Allocation, or the fee and expense application or the service award to Class Representative must be delivered (not simply postmarked) no later than November 9, 2018 to the Clerk of Court, U.S. District Court for the District of Delaware, 844 North King Street Unit 18, Wilmington, DE 19801.
PLEASE DO NOT CONTACT THE COURT OR DEFENDANTS REGARDING THIS NOTICE. If you have any questions about the Settlement, you may contact the Claims Administrator or Lead Class Counsel, Stephen J. Oddo, Esq., at Robbins Arroyo LLP, 600 B Street, Suite 1900, San Diego, CA 92101.
DATED: August 13, 2018
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT IN AND FOR THE DISTRICT OF DELAWARE
SOURCE Robbins Arroyo LLP