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Jeffrey Schulein et al v. Petroleum Development Corporation et al
Case Number:
8:11-cv-01891
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 19, 2014
Petroleum Development Reaches $30M Deal With Class
In a deal worth at least $30 million, Petroleum Development Corp. has settled with a certified class of several thousand investors who accused the energy company in California federal court of shortchanging them when it bought back their stakes in undeveloped Colorado oil properties, the company reported Friday.
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May 21, 2014
Oil Field Developer Can't Break Up Investor Class
A California federal judge on Monday refused to decertify a class of several thousand investors accusing Petroleum Development Corp. of shortchanging them when it bought back their stakes in undeveloped Colorado oil properties, ruling that common issues make up the crux of the case.
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January 08, 2014
Class Certified In Investor Action Against Oil Field Developer
A California federal judge ruled Monday that investors in a class action accusing Petroleum Development Corp. of shortchanging investors when it bought back their stakes in Colorado oil properties in predevelopment had satisfied the predominance requirement needed for certification.
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February 13, 2012
Oil Field Developer Asks For Dismissal Of Investor Action
Petroleum Development Corp. asked a California federal judge Friday to dismiss an investor class action against it, arguing it didn't shortchange the investors when it bought back their stakes in Colorado oil properties to be developed.