Unless you exclude yourself from the Settlement Class, if the Settlement is approved, you will be a Participating Class Member. As a Participating Class Member, you will receive any portion of the Net Settlement Fund allocated to you and will be bound by all orders and judgments entered by the Court regarding the Settlement. If the Settlement is approved, you will not be able to sue, continue to sue, or be part of any other lawsuit against any of the Released Parties concerning any of the Released Claims.
"Claim Period" means April 26, 2012 through September 1, 2020.
"Released Claims" include all claims and damages (statutory, contract, tort, equitable, punitive, and other relief) of the Releasing Parties related to underpaid, unpaid and incorrectly paid interest on Oil and Gas proceeds from Oklahoma wells. The release shall include claims asserted in the Litigation, or that could have been asserted in the Litigation, and shall extend to and include Released Parties. The release also shall extend to and include all claims, demands, actions, causes of action, allegations, rights, obligations, costs, losses, and damages arising in whole or in part at any time from payments made from April 26, 2012 to September 1, 2020 from or in connection with acts or omissions of the Released Parties of any and every kind or nature, whether in law or in equity, whether in tort or contract, whether arising or could have been asserted in the Litigation. No other claims are released, including but not limited to: (1) claims of Owners for earned statutory interest on any Untimely Payments made by Defendant prior to April 26, 2012, (2) claims for statutory interest related to prior period adjustments; and (3) any other claims that class members may have against Defendant other than the specific earned statutory interest claims under the PRSA set out in the first sentence of this paragraph.
"Released Parties" means Defendant as well as its respective parent companies, subsidiaries, affiliates, former or present officers, directors, members, employees, agents, attorneys, board members, successors, assigns, and consultants.
"Releasing Parties" means Plaintiff and all Settlement Class members who do not timely and properly opt-out or submit a request for exclusion from the settlement, and who are not otherwise excluded from the Settlement Class by order of the Court.