#United States #Class Action #Madison #Wisconsin Natural Gas #Kohner Mann Kailas

Class Action Settlement for Natural Gas Purchasers in Wisconsin

A significant step has recently been taken with the announcement of a class action settlement that affects individuals and businesses who purchased natural gas in Wisconsin during the period between January 1, 2000, and October 31, 2002. This settlement could provide financial restitution to eligible participants who may have been impacted by alleged price manipulation in that time frame.

Background of the Lawsuit

The class action lawsuits allege that certain companies involved in the production and sale of natural gas engaged in unlawful practices aimed at manipulating market prices. These lawsuits are based on claims that the affected parties in Wisconsin paid inflated prices for natural gas due to the supposed collusion among the companies. Specifically, commercial and industrial users who sourced their natural gas outside utility companies may be eligible to claim compensation due to this alleged conspiracy.

While the companies involved deny the claims made by the plaintiffs, they have now reached a settlement agreement with the court's preliminary approval. This settlement aims to establish fairness and provide recourse for those who are part of the defined class.

Key Aspects of the Settlement

The court has approved a total settlement fund of $16 million which will be allocated among valid claims. However, this amount will be subject to legal fees and administrative costs before distribution to claimants. Potential claimants are urged to file their claims by the deadline of January 31, 2026. Those who previously submitted claims from related settlements may also amend them in light of new information.

Who is Included?

The settlement class includes all industrial and commercial buyers of natural gas for their own use during the specified period. Notably, any entities that purchased gas for resale, or those whose purchases were made at rates sanctioned by the Wisconsin Public Service Commission, are excluded from the settlement. The settlement aims to address the grievances of legitimate purchasers who may have been overcharged during the time specified in the lawsuit.

How to Participate

To participate in the settlement, individuals must file a claim either through the designated website or by mail and have it postmarked by the deadline mentioned. It's essential for potential class members to review carefully the provisions of the settlement agreement to understand their rights and obligations. For those who do not wish to be part of the settlement class, there is an option to opt-out by sending a formal notification to the settlement administrator.

Future Developments

A Fairness Hearing is scheduled for March 27, 2026, where the court will evaluate the adequacy of the settlement. During this time, objections to the settlement can be raised. It’s a crucial stage in the process, wherein the court will listen to viewpoints from both claimants and the defendants regarding the fairness of the arrangement.

Potential claimants are highly encouraged to stay informed and monitor developments related to this case as the hearing date approaches. The class action legal representation is handled by the law firms of Kohner, Mann & Kailas, S.C., Perkins Coie LLP, and Polsinelli PC, serving the interests of the class members effectively.

Conclusion

This settlement not only marks a pivotal resolution for those affected but also reinforces the importance of lawful practices within commercial dealings of essential resources like natural gas. Participants should ensure they follow the necessary steps to reclaim any compensation due to them under this impactful settlement arrangement.