This official website is maintained by the Claims Administrator under the supervision of Lead Counsel in the action entitled In re Apache Corp. Securities Litigation, Case No. 4:21-cv-00575 (“Action”) pending in the United States District Court for the Southern District of Texas, Houston Division (“Court”).
The Court held a final Settlement Hearing on November 25, 2024, and the Settlement was approved. Copies of the orders can be accessed on the Court Documents section.
The information contained on this website is only a summary of information presented in more detail in the Notice of: (I) Pendency of Class
Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (“Notice”), which you
can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
Please be advised that the Court-appointed Lead Plaintiffs Plymouth County Retirement Association and the Trustees of the Teamsters Union No. 142 Pension Fund (together, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class, and defendants Apache Corp. and its successor APA Corporation, a Delaware corporation listed on NASDAQ under the symbol APA (“Apache”), John J. Christmann IV, Timothy J. Sullivan, and Stephen J. Riney (collectively, “Defendants”) have reached a proposed settlement of the Action for $65,000,000 in cash (“Settlement”).
The Settlement Class consists of:
Excluded from the Settlement Class are Defendants, the officers and directors of Apache, members of their immediate families and their legal representatives, heirs, agents, affiliates, successors or assigns, Defendants’ liability insurance carriers, and any affiliates or subsidiaries thereof, and any entity in which Defendants or their immediate families have or had a controlling interest. Also excluded from the Settlement Class are any persons and entities who or which submit a request for exclusion from the Settlement Class that is accepted by the Court.
If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act. Please read the Notice to fully understand your rights and options.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form, with the required supporting documentation, postmarked (if mailed) or online via this website, no later than October 9, 2024. A copy of the Claim Form can be found in the menu on the left of this page.
Payments to eligible claimants will be made only after approval of the Settlement and the completion of all claims processing. Please be patient, as this process will take some time to complete.
If you have questions, you may call the Apache Corp. Securities Litigation Helpline at (877)-311-3740 or email info@ApacheSecuritiesSettlement.com.
Please be advised that the Court-appointed Lead Plaintiffs Plymouth County Retirement Association and the Trustees of the Teamsters Union No. 142 Pension Fund (together, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class, and defendants Apache Corp. and its successor APA Corporation, a Delaware corporation listed on NASDAQ under the symbol APA (“Apache”), John J. Christmann IV, Timothy J. Sullivan, and Stephen J. Riney (collectively, “Defendants”) have reached a proposed settlement of the Action for $65,000,000 in cash (“Settlement”).
The Settlement Class consists of:
All persons or entities who purchased or otherwise acquired Apache common stock from September 7, 2016, through March 13, 2020, inclusive,
and were damaged thereby.
Excluded from the Settlement Class are Defendants, the officers and directors of Apache, members of their immediate families and their legal representatives, heirs, agents, affiliates, successors or assigns, Defendants’ liability insurance carriers, and any affiliates or subsidiaries thereof, and any entity in which Defendants or their immediate families have or had a controlling interest. Also excluded from the Settlement Class are any persons and entities who or which submit a request for exclusion from the Settlement Class that is accepted by the Court.
If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act. Please read the Notice to fully understand your rights and options.
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form, with the required supporting documentation, postmarked (if mailed) or online via this website, no later than October 9, 2024. A copy of the Claim Form can be found in the menu on the left of this page.
Payments to eligible claimants will be made only after approval of the Settlement and the completion of all claims processing. Please be patient, as this process will take some time to complete.
If you have questions, you may call the Apache Corp. Securities Litigation Helpline at (877)-311-3740 or email info@ApacheSecuritiesSettlement.com.
PLEASE READ THE NOTICE CAREFULLY.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT | |
|---|---|
| SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN OCTOBER 9, 2024. | This is the only way to be eligible to receive a payment from the Settlement. If you are a Settlement Class Member, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in paragraph 26 of the Notice) that you have against Defendants and the other Defendant Releasees (defined in paragraph 27 of the Notice), so it is in your interest to submit a Claim Form. |
| EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT IS RECEIVED NO LATER THAN AUGUST 29, 2024. | Get no payment from the Settlement. This is the only option that may allow you to ever bring or be part of any other lawsuit against Defendants or the other Defendants’ Releasees about the claims being released by the Settlement. |
| OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN AUGUST 29, 2024. | If you do not like the proposed Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s request for attorneys’ fees and Litigation Expenses, you may object by writing to the Court (as described in paragraphs 52-58 of the Notice). In order to object, you must be a member of the Settlement Class. |
| GO TO A HEARING ON SEPTEMBER 19, 2024, AT 10:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN AUGUST 29, 2024. | Ask to speak in Court at the Settlement Hearing, at the discretion of the Court, about the proposed Settlement, the proposed Plan of Allocation, and/or Lead Counsel’s request for attorneys’ fees and Litigation Expenses. |
| DO NOTHING. | Get no payment from the Settlement. You will, however, remain a member of the Settlement Class, which means that you give up any right you may have to sue about the claims that are being resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action. |
