Overview
The parties in Hurwitz v. Mullins, et al., Case No. 1:15-cv-00711-MAK (the “LRR Energy Securities Litigation” or the “Action”), pending in the United States District Court for the District of Delaware (“the “Court”), have reached a proposed settlement of the Action that, if approved, will resolve all claims in the Action.
The proposed Settlement, if approved by the Court, will provide $8 million to pay claims of Class Members. The Court directed that everyone who fits this description is a Class Member: all Persons or entities that held LRR Energy, L.P. ("LRE") common units as of August 28, 2015 through and including October 5, 2015 and who received Vanguard Natural Resources, LLC common units in exchange for such common units on or about October 5, 2015 under the registration statement (as amended) issued in relation to the Acquisition and were damaged thereby, except those Persons or entities that are excluded.
If the Settlement is approved by the Court, once the Court's Final Approval Order becomes Final and no longer subject to appeal, a payment of $5 will be made (the “Initial Settlement Payment”) to each Person who is a Class Member, received the Notice or otherwise provides a valid Proof of Claim and Release form and did not validly request exclusion from the Class.
In addition to the Initial Settlement Payment, each Class Member is also eligible to receive a portion of the Net Settlement Amount by submitting a valid and timely claim form. For additional details regarding this Settlement, how your rights will be affected by the legal proceedings in this Action, and the distribution of the Net Settlement Amount if approved by the Court, please read the Notice.
| YOUR LEGAL RIGHTS AND OPTIONS | |
| SUBMIT A PROOF OF CLAIM FORM BY NOVEMBER 26, 2018 | As a Class Member, you will receive an Initial Settlement Payment. In addition to an Initial Settlement Payment, you are required to submit a Proof of Claim in order to also be eligible to receive a portion of the Net Settlement Amount allocated on a per-unit basis. |
| OBJECT BY NOVEMBER 9, 2018 | Write to the Court about why you do not like the Settlement, the Initial Settlement Payment, the Plan of Allocation, the request for attorneys' fees and expenses, Lead Class Counsel’s fee and expense Application, Class Representative’s Service Award or any other matter related to the Settlement. You will still be a Member of the Class. |
| GO TO A HEARING ON DECEMBER 14, 2018 | You may speak in Court about the fairness of the Settlement at the Settlement Hearing currently scheduled for 12:30 p.m. Eastern, on December 14, 2018, in the Courtroom of the Honorable Mark A. Kearney, at the U.S. District Court in and for the Eastern District of Pennsylvania, U.S. Courthouse, 601 Market Street, Philadelphia, PA 19106. |
| DO NOTHING | As a Class Member, you will receive an Initial Settlement Payment but no additional payment. You will, however, still be a Class Member, which means that you give up your right to ever be part of any other lawsuit against the Defendants or any other Released Party about the legal claims being resolved by this Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
These rights and options – and the deadlines to exercise them – are more fully explained in the Notice. Your legal rights are affected whether you act or don’t act. Please read the Notice and review this website carefully.