September 19, 2014
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.
May 21, 2014
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.
January 08, 2014
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.
February 13, 2012
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.