Rex, Homeowners End Gas Pollution Fight For $1.9M

Law360, New York (March 22, 2010, 1:52 PM EDT) -- Rex Energy Operating Corp. has agreed to pay $1.9 million to end a class action brought by Illinois homeowners claiming dangerous levels of hydrogen sulfide gas released from its oil wells tainted their properties.

The homeowner plaintiffs moved Friday in the U.S. District Court for the Southern District of Illinois for final approval of the settlement with Rex Energy and its affiliate PennTex Resources Illinois Inc., which owned the wells that Rex operated.

Considering the complexity of the litigation, the seven-figure settlement is an "outstanding result"...
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