LEASE HOLDERS OF CERTAIN OIL AND GAS LEASES WITH EQT PRODUCTION COMPANY MAY CLAIM SETTLEMENT BENEFITS
This Class Action Settlement May Affect Your Rights
A Court authorized the Notice. This is not a solicitation from a lawyer.
- This Settlement resolves a lawsuit over EQT’s deduction of severance taxes from the royalty payments owed to lease holders. The two sides disagree on whether EQT did anything wrong but have reached a settlement through compromise and negotiation.
- You are entitled to relief from the class action settlement if, during the period of January 1, 1995, through July 31, 2016, you were a lessor on oil and gas leases with EQT, or its predecessors in title, covering lands in Kentucky, which obligate the lessee to pay royalties on gas produced from wells at a rate of one-eighth of the market price received at the wellhead and which leases do not authorize the deduction of the severance taxes and you have not accepted reimbursement for withheld severance taxes during the class period.
- To receive compensation, you must submit a claim form no later than August 24, 2020.
- To opt-out or object you must submit your request on or before March 31, 2020.
|YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT|
SUBMIT A CLAIM FORM BY AUGUST 24, 2020 TO BE ELIGIBLE FOR COMPENSATION
|To be eligible for compensation, you must submit a Claim form which can be downloaded here. Once submitted, the Administrator will determine whether you are entitled to compensation and, if so, how much. Valid claimants will receive compensation within approximately sixty (60) days after the close of the Claims Period or after Final Judicial Approval, whichever occurs later.|
DO NOTHING AND BE BOUND BY THE SETTLEMENT
|By doing nothing, if the Court approves the Settlement you give up rights to separately bring a lawsuit on your own against the Defendant for the same claims in this lawsuit but will not be entitled to compensation unless you submit a valid Claim Form.|
REQUEST TO BE EXCLUDED BY March 31, 2020
|You may exclude yourself from the Settlement by submitting a “Request for Exclusion” as detailed in Frequently Asked Question 14, by March 31, 2020. If you exclude yourself, you will not participate in these proceedings, nor will you receive any relief from this Settlement. You will retain the right to assert any claims you may have against Defendant for the deduction of severance taxes from your royalty payments. Note that you have a right to opt out of the Settlement only if your royalties were reduced by severance taxes and you have not objected to the Settlement.|
FILE AN OBJECTION BY March 31, 2020
|If you do not submit a timely and complete Request for Exclusion, you can object to the terms of the Settlement, the attorneys’ request for fees and expenses, and/or the Settlement Class Representative’s request for Incentive Award. Any objections to the Settlement must be submitted to the Settlement Administrator by March 31, 2020. More details on objecting are set forth in the answers to Frequently Asked Questions 16 through 19. Note that if the Court approves the Settlement despite your or any other objections and you have not submitted a claim form, you will not receive any relief from the Settlement.|
These rights and options – and the deadlines by which to exercise them – are explained in the Notice.
The Court that is supervising this case has granted preliminary approval of the Settlement, but still has to decide whether to grant final approval. The Final Approval Hearing will take place on July 24, 2020 at 9:30 A.M. Eastern time (see Frequently Asked Question 17). Settlement benefits will be distributed only if and after the Court grants the Final Approval to the Settlement.
If you have any questions about this class action, please contact Settlement Administrator:
Appalachian Land Company v. EQT Production Company
Attn: Settlement Administrator
1650 Arch Street, Suite 2210
Philadelphia, PA 19103
PHONE: (844) 931-1024