McKnight Realty Company v. Bravo Arkoma LLC
McKnight v. Bravo Arkoma
20-CV-428-KEW

WELCOME TO THE MCKNIGHT V BRAVO ARKOMA SETTLEMENT WEBSITE

If You Are or Were an Owner Paid by Bravo Arkoma, LLC for Oil-and-Gas Production Proceeds from an Oklahoma Oil-and-Gas Well, You Could Be a Part of a Proposed Class Action Settlement

Important Update: The Settlement Administrator began issuing Distribution Checks to eligible Class Members on January 9, 2023.

What is this lawsuit about?

The Litigation seeks damages for Defendant’s alleged failure to pay statutory interest on certain suspended proceeds and/or allegedly late payments under Oklahoma law. Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses. A more complete description of the Litigation, its status, and the rulings made in the Litigation are available in the pleadings and other papers maintained by the United States District Court for the Eastern District of Oklahoma in the file for the Litigation.

Who is included?

The Settlement Class consists of all non-excluded persons or entities who received oil-and-gas proceeds payments from Defendant Bravo Arkoma, LLC from oil and/or gas wells located in the State of Oklahoma between November 1, 2015, and April 30, 2021, or whose oil-and-gas proceeds were escheated to a government entity by Defendant between November 1, 2015, and April 30, 2021, or whose suspended oil-and-gas proceeds were transferred by Defendant to Mustang or WSGP between November 1, 2015, and April 30, 2021. A list of the persons or entities excluded from the Class can be found in the Notice of Proposed Settlement, which is available for download from the Important Documents page.

What does the Settlement provide?

Defendants have agreed to pay Two Million, Six Hundred Thousand Dollars ($2,600,000.00) in cash (“Gross Settlement Fund”). In exchange for this payment and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims (as defined in the Settlement Agreement, which is available for download from the Important Documents page) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Class Counsel’s Fees and Expenses, and other costs approved by the Court, will be distributed to final Class Members pursuant to the terms of the Settlement Agreement.

YOUR LEGAL RIGHTS AND OPTIONS

Option/Deadline Event
Do Nothing, Participate In The Settlement By taking no action, your interests are represented by Plaintiff as the Class Representative and Plaintiff’s Counsel. As a Class Member, you are bound by the outcome of the Settlement, if finally approved by the Court. As a Class Member, if you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, and you are bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.
Exclude Yourself
(received by June 20, 2022 at 5 p.m. CT)
(Passed)		 If you did not wish to be a member of the Settlement Class, then you had to exclude yourself from the Settlement Class. If you validly requested exclusion, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation. For more information, see FAQ 6.
Object
(received by June 27, 2022 at 5 p.m. CT)
(Passed)		 Any Class Member who wished to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Plan of Allocation, the request for Plaintiff’s attorneys’ fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for a Case Contribution Award to Class Representative could have filed an objection. For more information, see FAQ 7.
Retain Your Own Attorney You have the right to retain your own attorney to represent you at the Final Fairness Hearing, to be held on July 18, 2022, beginning at 10:00 a.m. If you retain separate counsel, you will be responsible to pay his or her fees and expenses out of your own pocket. For more information, see FAQ 8.

For More Information

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

Email
info@mcknight-bravo.com
Call
1-855-918-6067
Mail
McKnight Realty v. Bravo Arkoma Settlement
c/o JND Legal Administration
PO Box 91344
Seattle, WA 98111