Federal Judge Approves $22 Million Class Action Settlement in Frederick v. Range Resources

A class action lawsuit initiated against Range Resources (Range) by lessors was settled for $22 million today. The suit challenged, among other complaints, the propriety of the amounts deducted by Range and sought a court ordered accounting. The parties proposed an order to the Court that would provide $17.9 million for the plaintiffs and $4.6 million for the attorneys. After a lengthy analysis, the Honorable Judge Sean McLaughlin concluded that the award was sufficient and the fees reasonable. To read the decision, please view the Memoradum and Opinion.

Written by Steven P. Trialonas, Research Fellow

March 17, 2011