LAWSUITS NEWS & LEGAL INFORMATION
Stone Energy Corporation Agrees Preliminary $10,500,000 settlement
This is a settlement for the Securities/Stock Fraud lawsuit.
Lafayette, LA: A $10,500,000 settlement has been proposed in the securities class action pending against Stone Energy Corp. A hearing will be held on March 23, 2010 to determine whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable and adequate; (2) the Plan of Allocation should be approved; (3) Co-Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved; and (4) the claims against Defendants should be dismissed with prejudice.
If you are a member of the class, having purchased or otherwise acquired shares of the common stock of Stone Energy Corporation between May 2, 2001 up to and including March 10, 2006, and who was damaged thereby, your rights will be affected and you may be entitled to share in the settlement fund.
To participate in the Settlement, you must submit a Proof of Claim no later than May 22, 2010. If you are a member of the Class and do not submit a valid Proof of Claim, you will not share in the Settlement but you nevertheless will be bound by the Judgment entered by the Court in this litigation. The deadline for submitting objections and requests for exclusion is March 9, 2010.
Published on Jan-27-10
If you are a member of the class, having purchased or otherwise acquired shares of the common stock of Stone Energy Corporation between May 2, 2001 up to and including March 10, 2006, and who was damaged thereby, your rights will be affected and you may be entitled to share in the settlement fund.
To participate in the Settlement, you must submit a Proof of Claim no later than May 22, 2010. If you are a member of the Class and do not submit a valid Proof of Claim, you will not share in the Settlement but you nevertheless will be bound by the Judgment entered by the Court in this litigation. The deadline for submitting objections and requests for exclusion is March 9, 2010.
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