Supplemental Notice Of Preliminary Approval Of Class Action Settlement Regarding Delta Petroleum Corporation Securities Litigation

Mar 09, 2016, 14:01 ET from Federman & Sherwood

OKLAHOMA CITY, March 9, 2016 /PRNewswire/ -- The following statement is being issued by Federman & Sherwood regarding the Delta Petroleum Corporation Securities Litigation


Civil Action No. 12-cv-01038-CMA-CBS (Consolidated for all purposes with Civil Action No. 12-cv-01521-CMA-CBS)

PATIPAN NAKKHUMPUN, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. DANIEL J. TAYLOR, Defendant.

TO: Purchasers of Delta Petroleum Corporation ("Delta") Common Stock, during the Period March 11, 2010 through November 9, 2011, Inclusive (the "Class Period").

A federal district court has ordered this Notice. This is not a solicitation from a lawyer.

A settlement has been proposed and preliminarily approved in the above class action. Notice was provided pursuant to an Order of the federal district court requiring that all Proof of Claim forms by potential class members be postmarked and sent to the settlement administrator, Heffler Claims Group LLC, on or before January 29, 2016.  The parties have learned that several brokerage firms (including Goldman Sachs & Company, Charles Schwab & Company, Inc., E*Trade Financial LLC, SunTrust Banks, Inc., U.S. Bancorp Investments, and Pershing LLC) may have requested mailing of Notice and Proof of Claim forms with insufficient time for potential class members to complete and return the forms to the claims administrator by the court ordered deadline.

Pursuant to the federal district court order, the postmarked deadline for all Proof of Claim forms has been extended to March 31, 2016. All Proof of Claim forms in this settlement that are sent to Heffler Claims Group LLC by March 31, 2016 will be considered. If you completed and submitted an earlier Proof of Claim form, there is no need to take further action.   

To obtain a copy of the Notice, Proof of Claim form, or additional information about the proposed Settlement, you may contact Heffler Claims Group LLC at the address listed below.  You may also obtain copies at   

Any objection to the proposed Settlement, the Plan of Allocation, and/or Fee and Expense Application must be filed in the manner detailed in the Notice with the Clerk of the Court and delivered to the Lead Counsel for Plaintiffs and Counsel for Defendants, such that it is postmarked no later than March 31, 2016, in accordance with the instructions set forth in the Notice. Any requests for exclusion from the Settlement must be postmarked by March 31, 2016, in accordance with the instructions set forth in the Notice.

Claims Administrator:

Nakkhumpun , et al. v. Taylor, et al.
c/o Heffler Claims Group
P.O. Box 59028
Philadelphia, PA 19102-9028 

Lead Counsel for Plaintiffs: 

William B. Federman, Esq.
Stuart W. Emmons, Esq.
10205 N. Pennsylvania Avenue
Oklahoma City, OK 73120

Defense Counsel:

Eric Landau, Esq.
Travis Biffar, Esq.
3161 Michelson Drive,
Suite 800
Irvine, California 92612

The Final Fairness Hearing has been rescheduled for June 1, 2016, at 9:00 a.m. before Judge Christine M. Arguello in Courtroom A 602, Alfred A. Arraj United States Courthouse, 901 19th Street, Denver, CO.


SOURCE Federman & Sherwood