Settlement Reached in Class Action for Alta Mesa Resources Investors: Important Details
A recent notice has been issued regarding the settlement of a class action lawsuit concerning Alta Mesa Resources, Inc., formerly known as Silver Run Acquisition Corporation II. This settlement, which involves a total of $126.3 million, impacts all individuals and entities who either held shares of the common stock or purchased securities related to Alta Mesa during the specified class period from August 16, 2017, to May 17, 2019. If you held shares on January 22, 2018, or engaged in trading securities for Alta Mesa within this time frame, you may be entitled to receive compensation from this settlement.
The class action has been brought forward in the United States District Court for the Southern District of Texas. A hearing is scheduled for April 30, 2025, where the court will consider the fairness and adequacy of this settlement. Key determinations will include whether the settlement should be approved, if the proposed Plan of Allocation is reasonable, and whether attorney fees should be granted.
For those looking to participate in the settlement, it is essential to submit a Proof of Claim by May 7, 2025, either through mail or electronically via the dedicated settlement website. Failure to do so may result in exclusion from the distribution of the settlement fund. However, it should be noted that being a class member requires adherence to the final court judgment, regardless of whether a claim is submitted.
For class members wishing to opt-out, a request for exclusion had to be postmarked by May 17, 2024. No further options for exclusion will be provided as part of this settlement. Any objections concerning the proposed settlement or allocation plan must be filed with the court by April 9, 2025.
The court has clearly indicated that inquiries related to the settlement should only be directed to class counsel or the claims administrator, as they have prohibited direct contact with the court or involved defendants.
To summarize, if you meet the criteria for eligibility, it’s crucial to stay informed about the progression of this settlement and take necessary actions before the deadlines to ensure your rights are preserved. For more information and all necessary documents, individuals can visit the specific settlement website or contact the claims administrator directly. This settlement presents a significant financial opportunity for those impacted by the Alta Mesa Resources securities litigation, and understanding the requirements will be vital for those eligible.
For class members, it’s essential to also keep documentation and records relating to shares held, as this information will aid in the claim process. As this situation develops, updates will be communicated through official channels to ensure that all affected parties are duly informed. Investors are encouraged to take action promptly and remain proactive in securing their potential entitlements from this settlement.
The class action has been brought forward in the United States District Court for the Southern District of Texas. A hearing is scheduled for April 30, 2025, where the court will consider the fairness and adequacy of this settlement. Key determinations will include whether the settlement should be approved, if the proposed Plan of Allocation is reasonable, and whether attorney fees should be granted.
For those looking to participate in the settlement, it is essential to submit a Proof of Claim by May 7, 2025, either through mail or electronically via the dedicated settlement website. Failure to do so may result in exclusion from the distribution of the settlement fund. However, it should be noted that being a class member requires adherence to the final court judgment, regardless of whether a claim is submitted.
For class members wishing to opt-out, a request for exclusion had to be postmarked by May 17, 2024. No further options for exclusion will be provided as part of this settlement. Any objections concerning the proposed settlement or allocation plan must be filed with the court by April 9, 2025.
The court has clearly indicated that inquiries related to the settlement should only be directed to class counsel or the claims administrator, as they have prohibited direct contact with the court or involved defendants.
To summarize, if you meet the criteria for eligibility, it’s crucial to stay informed about the progression of this settlement and take necessary actions before the deadlines to ensure your rights are preserved. For more information and all necessary documents, individuals can visit the specific settlement website or contact the claims administrator directly. This settlement presents a significant financial opportunity for those impacted by the Alta Mesa Resources securities litigation, and understanding the requirements will be vital for those eligible.
For class members, it’s essential to also keep documentation and records relating to shares held, as this information will aid in the claim process. As this situation develops, updates will be communicated through official channels to ensure that all affected parties are duly informed. Investors are encouraged to take action promptly and remain proactive in securing their potential entitlements from this settlement.
Topics Financial Services & Investing）
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