Underwood v. NGL Energy Partners LP
Underwood v. NGL Energy Partners
4:21-CV-135-CVE-SH

Welcome to the Underwood v. NGL Energy Partners Settlement Website

If You Are or Were an Owner Paid by NGL Energy Partners LP for Oil-and-Gas Production Proceeds from an Oklahoma Oil-and-Gas Well, You Could Be a Part of a Proposed Class Action Settlement

Important Update: The Settlement Administrator began issuing Distribution Checks to eligible Class Members on January 5, 2024.

What is this lawsuit about?

The Litigation seeks damages for Defendant’s alleged failure to pay statutory interest on allegedly late payments under Oklahoma law. Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses. A more complete description of the Litigation, its status, and the rulings made in the Litigation are available in the pleadings and other papers maintained by the United States District Court for the Northern District of Oklahoma in the file for the Litigation.

Who is included?

The Settlement Class in the Litigation consists of the following individuals and entities:

All non-excluded persons or entities who, during the Claim Period: (1) received late payments under the PRSA from Defendant (or Defendant’s designee) for oil-and-gas proceeds from Oklahoma wells; (2) or whose proceeds were remitted to unclaimed property divisions of any government entity by Defendant; and (3) whose payments or whose unclaimed property did not include the statutory interest required by the PRSA.

A list of the persons or entities excluded from the Class can be found in the Notice of Proposed Settlement, which is available for download from the Important Documents page.

What does the Settlement provide?

In settlement of all claims alleged in the Litigation, Defendant has agreed to pay Eight Million, Three Hundred Seventy-Five Thousand Dollars ($8,375,000.00) in cash (“Gross Settlement Fund”). In exchange for this payment and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims (as defined in the Settlement Agreement) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Plaintiffs’ Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, and other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Class Members pursuant to the terms of the Settlement Agreement. The Settlement Agreement also includes Future Benefits for the Settlement Class.

YOUR LEGAL RIGHTS AND OPTIONS

Option/Deadline Event
Do Nothing, Participate In The Settlement By taking no action, your interests will be represented by Plaintiffs as the Class Representatives and Plaintiffs’ Counsel. As a Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Court, and if you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund and will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.

Exclude Yourself
(received by May 25, 2023, at 5 p.m. CT)
(Passed)

If you do not wish to be a member of the Settlement Class, then you must exclude yourself from the Settlement Class. If you validly request exclusion, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation. For more information, see FAQ 6.

Object
(received by May 25, 2023, at 5 p.m. CT)
(Passed)

Any Class Member who wishes to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Plan of Allocation, the request for Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for a Case Contribution Award to Class Representative may file an objection. For more information, see FAQ 7.
Retain Your Own Attorney You had the right to retain your own attorney to represent you at the Final Fairness Hearing, held on June 15, 2023, beginning at 9:30 a.m. If you retained separate counsel, you are responsible to pay his or her fees and expenses out of your own pocket. For more information, about the Hearing see FAQ 4.

For More Information

Visit this website often to get the most up-to-date information.

Mail
Underwood v. NGL Energy Partners Settlement
c/o JND Legal Administration, Settlement Administrator
PO Box 91420
Seattle, WA 98111