Sanchez Energy, Investors Win Approval Of $30M Settlement

Law360, Wilmington (November 6, 2017, 6:49 PM EST) -- A $30 million settlement between Sanchez Energy Corp. and a group of shareholders received court approval Monday in Delaware's Chancery Court, bringing to an end a yearslong derivative case over the company's acquisition of mining interests from an insider in 2013.

During a hearing in Georgetown, shareholder attorney Stuart Grant of Grant & Eisenhofer PA, participating by telephone, told the court the deal reached among the parties would provide more than $11.75 million in cash to Sanchez Energy, as well as $16 million of the equity...
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