Range Resources Settles Gas Royalties Class Action

Law360, New York (March 21, 2011, 2:04 PM EDT) -- A Pennsylvania federal judge approved a settlement Thursday in a natural gas royalties dispute that amends leases between Range Resources-Appalachia LLC and some 25,000 class members to impose caps on future post-production cost deductions.

Sean J. McLaughlin of the U.S. District Court for the Western District of Pennsylvania granted final approval to the settlement, which the parties say will save plaintiffs more than $20 million.

Judge McLaughlin also gave final approval to a settlement class comprised of holders of a royalty interest in any Pennsylvania or...
To view the full article, register now.