On January 31, 2012, the Court entered an Order granting PostRock’s Motion to Alter or Amend Judgment to allow PostRock to postpone distribution of the first settlement payment while it gives statutorily-requried notice to appropriate state and local officials about the settlement. The Court’s Order requires Quest/PostRock, no later than February 3, 2012, to pay the funds for the first settlement payment to the Clerk of the Court, who will deposit them in an interest-bearing escrow account for 90 days. At that time, the funds will be returned to Quest/PostRock for distribution, with all of the accrued interest to be distributed to Class Members.
Order Granting Defendant’s Motion to Alter or Amend Judgment
by RSM Marketing | Jan 31, 2012 | Spieker et al. v. PostRock Midcontinent Production, LLC, successor by merger to Quest Cherokee, LLC | 0 comments