| | | Big win for us simple farm boys. Nice checks on the way, probably Jan or Feb.
Only took 10,000 of us to take down 100' tall corporate Goliath, EQT. Per article below proposed terms should be in the mailbox, any day. Be interesting to see what the big fella offers.
Law firm representing mineral owners is the best in the state for this kind of suit. They've beaten EQT, badly, before. In September a $250,000 civil judgement returned illegal post production deductions to husband & wife mineral owners against....yep, EQT. And by a different law firm. Goliath knows he's beaten. Hence, the offer to settle.
Never a dull moment in the WV ng patch...))
Iso
<Settlement term sheet filed in gas royalty lawsuit
By Kate Mishkin Staff writer
Dec 17, 2018
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EQT Corp., the major energy company thousands of West Virginians said had shortchanged them on royalty payments, has filed its settlement term sheet.
The energy giant was the subject of a class-action lawsuit involving more than 10,000 individuals and businesses in West Virginia who said EQT was illegally deducting costs from their royalty payments.
The trial was scheduled to begin Nov. 27 in U.S. District Court for the Northern District of West Virginia but was canceled after the parties reached a tentative settlement. The trial would’ve started again Dec. 17 if the matter hadn’t been resolved.
A clerk for the court confirmed the trial didn’t start Monday.
Now, EQT has filed a settlement term sheet under seal until the plaintiffs file their motion for preliminary approval of the settlement and U.S. District Judge John Preston Bailey approves the final settlement.
In a motion to file the settlement term sheet under seal, lawyers for EQT said the plaintiffs were expected to file a public motion for preliminary approval of the settlement that would include the specific terms of the proposed settlement.
Federal court rules say details of class-action settlements are subject to review by members of the plaintiff class and determined to be “fair, reasonable and adequate” by Judge Bailey.
The final terms of the settlement will be publicly available.
This lawsuit was among the royalty cases highlighted last month in a joint examination by the Charleston Gazette-Mail and ProPublica that showed how West Virginia’s natural gas producers continue to avoid paying royalties promised to thousands of residents and businesses. EQT and other companies insist they’ve done nothing wrong, and that the royalty payments are fair.>
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