Cowan v. Devon Energy Corp., et al.
Cowan v. Devon
6:22-cv-00220-JAR

Welcome to the Cowan v. Devon Settlement Website

If You Are or Were an Owner Paid by Devon Energy for Oil-and-Gas Production Proceeds from an Oklahoma Oil-and-Gas Well, You Could Be a Part of a Proposed Class Action Settlement

Important Update: Following the Final Fairness Hearing on January 17, 2023, the Court granted final approval to the Settlement. Copies of the Court's Order and other relevant pleadings are available on the Important Documents page.

What is this lawsuit about?

The Litigation seeks damages for Defendants’ alleged failure to pay statutory interest on allegedly late payments under Oklahoma law. Defendants expressly deny all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses.

Who is included?

The Settlement Class in the Litigation consists of all non-excluded persons or entities who, during the Claim Period: (1) (i) received payments from Defendants (or Defendants’ designee) for oil, gas, or natural gas liquids proceeds from Oklahoma wells or (ii) whose proceeds were remitted to unclaimed property divisions of any government entity by Defendants and (2) whose payments or whose unclaimed property payments did not include statutory interest. The Settlement Class includes owners of royalty interests, overriding royalty interests, and working interests.

A list of the persons or entities excluded from the Classes can be found in the Notice of Proposed Settlement, which is available for download from the Important Documents page.

If you belong to the Settlement Class and the Settlement is approved, your legal rights will be affected. Read the Notice carefully to see what your rights and options are in connection with the Settlement.

What does the Settlement provide?

In settlement of all claims alleged in the Litigation, Defendants have agreed to pay Twenty-Five Million Dollars ($25,000,000.00) in cash (“Gross Settlement Fund”). In exchange for the payment noted above and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims against the Released Parties. The Gross Settlement Fund, less Plaintiff’s Attorneys’ Fees, Litigation Expenses and Administration, Notice, and Distribution Costs, and a Case Contribution Award, and other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Class Members pursuant to the terms of the Settlement Agreement.

The Settlement Agreement also includes Future Benefits for the Settlement Class.

YOUR LEGAL RIGHTS AND OPTIONS

These deadlines may be moved, canceled, or otherwise modified, so please check this site regularly for updates.

Option and Deadline Event
Do Nothing, Participate In The Settlement By taking no action, your interests will be represented by Plaintiff as the Class Representative and Plaintiff’s Counsel. As a Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Court. As a Class Member, if you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, and you will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.
Exclude Yourself
(received by December 27, 2022, at 5:00 p.m. CT)
(Passed)		 Class Members who did not wish to be a member of the Settlement Class had to exclude themselves from the Settlement Class. If you validly requested exclusion, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation. For more information, see FAQ 6.
Object
(received by January 3, 2023, at 5:00 p.m. CT))
(Passed)		 Any Class Member who wished to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Initial Plan of Allocation, the request for Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for a Case Contribution Award to Class Representative could have filed an objection. For more information, see FAQ 7.
Attend the Final Fairness Hearing
on January 17, 2023, at 1:30 p.m. CT		 At the Fairness Hearing, the Court will consider: (a) whether the Settlement is fair, reasonable, and adequate; (b) any timely and properly raised objections to the Settlement; (c) the Allocation Methodology; (d) the application for Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs; and (e) the application for a Case Contribution Award for the Class Representative.

For More Information

Visit this website often to get the most up-to-date information.

Call
1-855-579-1259
Email
info@cowan-devon.com
Mail
Cowan v Devon
c/o JND Legal Administration Settlement Administrator
PO Box 91306
Seattle, WA 98111