$65M Deal In Securities Case Against Fracking Operator Is ‘Fair,’ Investors Say

( October 3, 2024, 8:57 AM EDT) -- HOUSTON — Investors who have brought a securities fraud lawsuit against a hydraulic fracturing operator have filed a reply brief in Texas federal court arguing that the proposed $65 million cash settlement is “fair, reasonable and adequate” pursuant to Federal Rule of Civil Procedure 23(e)(2) because it is “the result of protracted negotiations following extensive discovery and years of hard-fought litigation” and there have been no objections to any aspect of the deal....