Settlement Notice for Alta Mesa Resources, Inc. Shareholders
Important Settlement Notice for Alta Mesa Resources, Inc. Shareholders
This notice serves as an important update for those who have held shares of Alta Mesa Resources, Inc. or engaged in the purchase of its securities during the specified class period. If you are one of those individuals, you may be eligible for compensation from a significant class action settlement that has been proposed.
About the Settlement
The class action suit involves total settlements amounting to an impressive $126.3 million in cash. If you held shares in Alta Mesa Resources, Inc., previously known as Silver Run Acquisition Corporation II, or acquired their securities during the class period, you might have a claim on a portion of this settlement. This case is officially titled 'In Re Alta Mesa Resources, Inc. Securities Litigation' under Civil Action No. 4:19-cv-00957.
Eligibility for Claimants
If you held shares of Alta Mesa Resources, Inc. or bought securities between certain dates, particularly from August 16, 2017, to May 17, 2019, inclusive, you are invited to participate in the settlement process. Being part of this class action allows you the potential to receive a payment from the net settlement fund, which is designed to compensate shareholders who may have taken a loss.
Important Dates to Remember
As part of this notice, it’s crucial for claimants to be aware of important dates. A final hearing regarding this settlement is scheduled for an upcoming day where the court will determine whether the proposed settlement is fair and reasonable. Make sure to keep an eye on this date, so you can participate if necessary.
Deadline for Claims
To be eligible for a distribution from the Net Settlement Fund, individuals must submit a Proof of Claim by mail or electronically by May 7, 2025. Failure to do this may result in the inability to share in the settlement benefits, even if you are a class member.
Exclusion and Objection Processes
If shareholders wish to exclude themselves from this class action, they must submit a written request by a specified date. Adhering to this timeline is crucial as it ensures proper processing of exclusions. Alternatively, any objections to the proposed settlement, including stipulations regarding fees and allocation, must also be submitted timely.
Contact Information
For any inquiries regarding the settlement or your eligibility, you can reach out to the class counsel at their offices. They will provide additional guidance should you have questions regarding your participation in the settlement.
Frequently Asked Questions
What should I do if I believe I am eligible for the settlement?
If you believe you are eligible, be sure to submit your Proof of Claim by the deadline to secure your potential share of the settlement.
What if I missed the deadline to exclude myself?
If you missed the exclusion deadline, you'll still be bound by the terms of the settlement regardless of whether you submit a Proof of Claim.
How can I find more details about the settlement?
For more details on the settlement, review the documents provided by the claims administrator or contact the class counsel directly.
Will there be compensation for all class members?
Not all class members may receive compensation, as it depends on the specifics of each claim and the total number of claims made.
Is there a way to appeal the settlement decision?
While objections can be filed, appeals after a settlement has been approved are typically limited and subject to strict legal guidelines.
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