The purpose of this website is to advise members of the Settlement Class of the Settlement of the Action entitled Oklahoma Police Pension and Retirement System v. Jagged Peak Energy Inc., et al., Case No. 2017CV031757 (the “Settlement”), now pending in the District Court, City and County of Denver, Colorado.
***IMPORTANT CASE UPDATE***
On October 4, 2024 settlement checks were mailed to all Authorized Claimants. Please contact the Claims Administrator with any questions regarding your payment or claim.
On October 4, 2024 settlement checks were mailed to all Authorized Claimants. Please contact the Claims Administrator with any questions regarding your payment or claim.
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and
Proposed Settlement of Class Action (the “Notice”), which you can access by clicking
here. Since this website is just a summary,
you should review the Notice for additional information.
If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
IF YOU PURCHASED OR OTHERWISE ACQUIRED JAGGED PEAK ENERGY INC.’S (“JAGGED” OR THE “COMPANY”) COMMON STOCK IN OR TRACEABLE TO THE COMPANY’S JANUARY 27, 2017
INITIAL PUBLIC OFFERING (“IPO”) AND WERE DAMAGED THEREBY YOU MAY BE A SETTLEMENT CLASS MEMBER.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT | |
|---|---|
| SUBMIT A PROOF OF CLAIM NO LATER THAN DECEMBER 12, 2023. | In order to qualify for a payment, you must timely complete and return the Proof of Claim. |
| EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION POSTMARKED NO LATER THAN NOVEMBER 13, 2023. | If you do not want to receive a payment from the Settlement, or you want to keep the right to sue or continue to sue Defendants on your own about the legal issues in the Action, then you must take steps to get out of the Settlement Class. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION POSTMARKED NO LATER THAN NOVEMBER 13, 2023. | If you are a Settlement Class Member, you may object to the terms of the Settlement. Whether or not you object to the terms of the Settlement, you may also object to the requested attorneys’ fees, costs, and expenses, Plaintiff’s request for an award for representing the Settlement Class, and/or the Plan of Allocation. |
| DO NOTHING. | Get no payment from this Settlement. You will also remain a member of the Settlement Class and, in the event the Settlement is approved by the Court, you will be deemed to have fully, finally, and forever released all claims released by this Settlement. |
How Do I know if I am a Settlement Class Member?
The Court has preliminarily certified the following Settlement Class:
All persons and entities who purchased or otherwise acquired Jagged Peak Energy, Inc. (“Jagged”) common stock in or traceable to Jagged’s initial public offering on January 27, 2017. Excluded from the Settlement Class are: (i) Defendants; (ii) Defendants’ Counsel; and (iii) Defendants’ Released Parties, provided, however, that any Investment Vehicle shall not be excluded from the Settlement Class. Also excluded from the Settlement Class will be any Persons who timely and validly seek exclusion from the Settlement Class in accordance with the requirements set by the Court.
The Settlement Hearing
The Court will hold a Settlement Hearing on December 15, 2023, at 12:00 p.m. M.T., before the Honorable Sarah B. Wallace, 1437 Bannock Street, Denver, Colorado 80202 for the purpose of determining whether: (i) the Settlement, as set forth in the Stipulation, for $8,250,000 in cash should be approved by the Court as fair, reasonable, and adequate; (ii) Judgment, as provided under the Stipulation, should be entered; (iii) to award Plaintiff’s Counsel attorneys’ fees and expenses out of the Settlement Fund and, if so, in what amount; (iv) to award Plaintiff compensation for its time and expenses in representing the Settlement Class out of the Settlement Fund and, if so, in what amount; and (v) the Plan of Allocation should be approved by the Court.
Any updates and/or changes to the scheduling of the Settlement Hearing will be posted on this website. The Court may adjourn or continue the Settlement Hearing without further notice to members of the Settlement Class
The Court has preliminarily certified the following Settlement Class:
All persons and entities who purchased or otherwise acquired Jagged Peak Energy, Inc. (“Jagged”) common stock in or traceable to Jagged’s initial public offering on January 27, 2017. Excluded from the Settlement Class are: (i) Defendants; (ii) Defendants’ Counsel; and (iii) Defendants’ Released Parties, provided, however, that any Investment Vehicle shall not be excluded from the Settlement Class. Also excluded from the Settlement Class will be any Persons who timely and validly seek exclusion from the Settlement Class in accordance with the requirements set by the Court.
The Settlement Hearing
The Court will hold a Settlement Hearing on December 15, 2023, at 12:00 p.m. M.T., before the Honorable Sarah B. Wallace, 1437 Bannock Street, Denver, Colorado 80202 for the purpose of determining whether: (i) the Settlement, as set forth in the Stipulation, for $8,250,000 in cash should be approved by the Court as fair, reasonable, and adequate; (ii) Judgment, as provided under the Stipulation, should be entered; (iii) to award Plaintiff’s Counsel attorneys’ fees and expenses out of the Settlement Fund and, if so, in what amount; (iv) to award Plaintiff compensation for its time and expenses in representing the Settlement Class out of the Settlement Fund and, if so, in what amount; and (v) the Plan of Allocation should be approved by the Court.
Any updates and/or changes to the scheduling of the Settlement Hearing will be posted on this website. The Court may adjourn or continue the Settlement Hearing without further notice to members of the Settlement Class