Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Lieff Cabraser, Aitken Aitken Cohen, and Larson LLP Announce Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill By: Lieff Cabraser Heimann & Bernstein, LLP via Business Wire April 25, 2023 at 09:00 AM EDT On April 24, 2023, Hon. David O. Carter of the Central District of California approved the Class Plaintiffs’ $50 million settlement with Amplify Energy Corporation, Beta Operating Company, LLC, and San Pedro Bay Pipeline Company, the three entities that owned and operated the San Pedro Bay Pipeline (collectively “Amplify”). The Plaintiffs are comprised of three classes—Fisher Class, Property Class, and Waterfront Tourism Class. The Class Plaintiffs are represented by Co-Lead Counsel Wylie A. Aitken of Aitken Aitken Cohen, Lexi J. Hazam of Lieff Cabraser Heimann & Bernstein, LLP, and Stephen G. Larson of Larson LLP. Under the Settlement approved by the Court, Amplify will pay $34 million to the Fisher Class, $9 million to the Property Class, and $7 million to the Waterfront Tourism Class. In addition, Amplify has agreed to injunctive relief to help prevent future spills, including installation of a new leak detection system, use of remotely-operated vehicles to detect pipeline movement and allow rapid reporting to federal and state authorities, increased staffing on the off-shore platform and control room, and the establishment of a one-call alert system to report any threatened release of hazardous substances. The Court also approved Plaintiffs’ Motion for Approval of Plaintiffs’ Plans of Distribution to the Fisher Class, Property Class, and Waterfront Tourism Class, as well as Plaintiffs’ Motion for Attorneys’ Fees and Expenses. Finally, the settlement also permits Class Plaintiffs to continue seeking additional relief from the Shipping Defendants alleged to have dragged their anchors over the pipeline, causing its later rupture. View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005492/en/ Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill Contacts Lexi J. Hazam Lieff Cabraser Heimann & Bernstein, LLP 275 Battery Street, Suite 2900 San Francisco, CA 94111 lhazam@lchb.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Lieff Cabraser, Aitken Aitken Cohen, and Larson LLP Announce Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill By: Lieff Cabraser Heimann & Bernstein, LLP via Business Wire April 25, 2023 at 09:00 AM EDT On April 24, 2023, Hon. David O. Carter of the Central District of California approved the Class Plaintiffs’ $50 million settlement with Amplify Energy Corporation, Beta Operating Company, LLC, and San Pedro Bay Pipeline Company, the three entities that owned and operated the San Pedro Bay Pipeline (collectively “Amplify”). The Plaintiffs are comprised of three classes—Fisher Class, Property Class, and Waterfront Tourism Class. The Class Plaintiffs are represented by Co-Lead Counsel Wylie A. Aitken of Aitken Aitken Cohen, Lexi J. Hazam of Lieff Cabraser Heimann & Bernstein, LLP, and Stephen G. Larson of Larson LLP. Under the Settlement approved by the Court, Amplify will pay $34 million to the Fisher Class, $9 million to the Property Class, and $7 million to the Waterfront Tourism Class. In addition, Amplify has agreed to injunctive relief to help prevent future spills, including installation of a new leak detection system, use of remotely-operated vehicles to detect pipeline movement and allow rapid reporting to federal and state authorities, increased staffing on the off-shore platform and control room, and the establishment of a one-call alert system to report any threatened release of hazardous substances. The Court also approved Plaintiffs’ Motion for Approval of Plaintiffs’ Plans of Distribution to the Fisher Class, Property Class, and Waterfront Tourism Class, as well as Plaintiffs’ Motion for Attorneys’ Fees and Expenses. Finally, the settlement also permits Class Plaintiffs to continue seeking additional relief from the Shipping Defendants alleged to have dragged their anchors over the pipeline, causing its later rupture. View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005492/en/ Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill Contacts Lexi J. Hazam Lieff Cabraser Heimann & Bernstein, LLP 275 Battery Street, Suite 2900 San Francisco, CA 94111 lhazam@lchb.com
On April 24, 2023, Hon. David O. Carter of the Central District of California approved the Class Plaintiffs’ $50 million settlement with Amplify Energy Corporation, Beta Operating Company, LLC, and San Pedro Bay Pipeline Company, the three entities that owned and operated the San Pedro Bay Pipeline (collectively “Amplify”). The Plaintiffs are comprised of three classes—Fisher Class, Property Class, and Waterfront Tourism Class. The Class Plaintiffs are represented by Co-Lead Counsel Wylie A. Aitken of Aitken Aitken Cohen, Lexi J. Hazam of Lieff Cabraser Heimann & Bernstein, LLP, and Stephen G. Larson of Larson LLP. Under the Settlement approved by the Court, Amplify will pay $34 million to the Fisher Class, $9 million to the Property Class, and $7 million to the Waterfront Tourism Class. In addition, Amplify has agreed to injunctive relief to help prevent future spills, including installation of a new leak detection system, use of remotely-operated vehicles to detect pipeline movement and allow rapid reporting to federal and state authorities, increased staffing on the off-shore platform and control room, and the establishment of a one-call alert system to report any threatened release of hazardous substances. The Court also approved Plaintiffs’ Motion for Approval of Plaintiffs’ Plans of Distribution to the Fisher Class, Property Class, and Waterfront Tourism Class, as well as Plaintiffs’ Motion for Attorneys’ Fees and Expenses. Finally, the settlement also permits Class Plaintiffs to continue seeking additional relief from the Shipping Defendants alleged to have dragged their anchors over the pipeline, causing its later rupture. View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005492/en/
Federal Judge Approves $50M Class Action Settlement with Amplify Energy for October 2021 Orange County Oil Spill
Lexi J. Hazam Lieff Cabraser Heimann & Bernstein, LLP 275 Battery Street, Suite 2900 San Francisco, CA 94111 lhazam@lchb.com