Dorsey J. Reirdon v. Cimarex Energy Co.
Reirdon v. Cimarex Energy
Case No. 6:16-CV-00113-KEW

Welcome to the Reirdon v. Cimarex Energy Settlement Website

If You Have Received a Payment for Production from an oil and Gas Well in Oklahoma, You Could Be a Part of a Proposed Class Action Settlement.

The Court preliminarily approved a Settlement in the above-captioned litigation (the "Litigation") between Plaintiff, Dorsey J. Reirdon ("Plaintiff"), on behalf of himself and the Settlement Class, and Cimarex Energy Co. ("Defendant"). Defendant has agreed to pay $9,500,000.00 in cash plus certain future benefits, which are estimated by Plaintiff to have a net present value of at least $11,000,000.00, in settlement of all claims alleged in the Litigation.

What is this lawsuit about?

In the lawsuit, Plaintiffs allege that Cimarex Energy Co: (1) failed to pay statutory interest on payments made outside the time periods set forth in the Production Revenue Standards Act, 52 Okla. St. §570.1, et seq. (the “PRSA”); (2) awaited a demand prior to paying statutory interest under the PRSA; (3) misrepresented and/or omitted the amount of statutory interest owed; and (4) is liable to Class Members for breach of the PRSA, actual fraud, constructive fraud, deceit, unjust enrichment/disgorgement, accounting, punitive damages, and injunctive relief. Defendant does not believe it paid statutory interest incorrectly, paid proceeds untimely, or violated any laws, and denies any liability and all allegations of wrongdoing asserted.

Am I part of the Settlement Class?

The Settlement Class consists of the following individuals and entities:

All non-excluded persons or entities who, between March 15, 2011 and July 31, 2018 received payments from Cimarex (or Cimarex’s designee) for oil and gas production proceeds from Oklahoma oil and gas wells.

A list of the excluded persons and entities can be found in the Answer to Question No. 6 in the Notice, which can be downloaded from the Important Documents page.

What are my options?

Your rights and options - and the deadlines by which to exercise them - are summarized below. These rights and options are explained in the Notice and in the Settlement Agreement. It is your responsibility to familiarize yourself with the Settlement and all other documents regarding the Settlement, which can be downloaded from the Important Documents page. Further information about each of these can be found in the FAQ.

Option

Deadline

Do Nothing - If the Settlement is approved, you do not need to take any further action to participate in the Settlement and receive a payment. The portion of the Net Settlement Fund to which you are entitled will be calculated as part of the administration of the Settlement.

N/A

Exclude Yourself - If you do not wish to be a member of the Settlement Class, you must exclude yourself and you will not receive any payment from the Settlement Fund. You cannot bring or be part of another lawsuit or arbitration against any of the Released Parties based on any Released Claims unless you exclude yourself from the Settlement Class.

December 4, 2018
at 5 p.m. CST

(Filed and Received)

Object - If you do not exclude yourself and you wish to object to any part of the Settlement, the attorneys’ fees or litigation costs requested by Plaintiff’s Counsel, or the Case Contribution Award requested by Plaintiff, you may write to the Court about your objections.

December 4, 2018
at 5 p.m. CST

(Filed and Received)

Attend the Final Approval Hearing - If you have submitted a valid and timely written objection to any aspect of the Settlement, the attorneys’ fees or litigation expenses requested by Plaintiff’s Counsel, or the Case Contribution Award requested by Plaintiff, you may (but do not have to) attend the Final Approval Hearing and present your objections to the Court at that hearing.

December 18, 2018
at 10:00 a.m.

For More Information

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

Mail

Reirdon-Cimarex Settlement
c/o JND Legal Administration, Settlement Administrator
PO Box 91308
Seattle, WA 98111