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.