Bernstein Litowitz Berger & Grossmann LLP announce Pendency and Proposed Settlement of In re Anadarko Petroleum Corp. Class Action Litigation

NEW YORK, July 14, 2014 /PRNewswire/ -- 

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION

IN RE ANADARKO PETROLEUM CORP. CLASS ACTION LITIGATION
Lead Case No. 4:12-CV-00900
Honorable Keith P. Ellison

SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND
PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING;
AND (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES
AND REIMBURSEMENT OF LITIGATION EXPENSES

TO:  All persons and entities who, during the period between June 12, 2009 and June 9, 2010 inclusive, purchased or otherwise acquired the common stock or any of the other publicly-traded securities of Anadarko ("Anadarko Securities") and were injured thereby (the "Settlement Class")¹:

PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of Texas, that the above-captioned litigation (the "Action") has been certified as a class action on behalf of the Settlement Class, except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in the full printed Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice").

YOU ARE ALSO NOTIFIED that Lead Plaintiffs in the Action have reached a proposed settlement of the Action for $12,500,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

A hearing will be held on September 11, 2014 at 10:30 a.m., before the Honorable Keith P. Ellison at the United States District Court for the Southern District of Texas, United States Courthouse, Courtroom 3A, 515 Rusk Avenue, Houston, TX 77002, to determine (i) whether the proposed Settlement should be approved as fair, reasonable, and adequate; (ii) whether the Action should be dismissed with prejudice against Defendants, and the Releases specified and described in the Stipulation and Agreement of Settlement dated May 16, 2014 (and in the Notice) should be granted; (iii) whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) whether Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved.

If you are a member of the Settlement Class, your rights will be affected by the pending Action and the Settlement, and you may be entitled to share in the Settlement Fund.  If you have not yet received the Notice and the Proof of Claim Form, you may obtain copies of these documents by contacting the Claims Administrator at In re Anadarko Petroleum Corporation Class Action Litigation, c/o A.B. Data, Ltd., P.O. Box 170999, Milwaukee, WI 53217-8099, 1-866-828-2348.  Copies of the Notice and Proof of Claim Form can also be downloaded from the website maintained by the Claims Administrator, www.anadarkosecuritieslitigation.com.  

If you are a member of the Settlement Class, in order to be eligible to receive a payment under the proposed Settlement, you must submit a Proof of Claim Form postmarked no later than November 8, 2014.  If you are a Settlement Class Member and do not submit a proper Proof of Claim Form, you will not be eligible to share in the distribution of the net proceeds of the Settlement but you will nevertheless be bound by any judgments or orders entered by the Court in the Action.

If you are a member of the Settlement Class and wish to exclude yourself from the Settlement Class, you must submit a request for exclusion such that it is received no later than August 21, 2014, in accordance with the instructions set forth in the Notice.  If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court in the Action and you will not be eligible to share in the proceeds of the Settlement. 

Any objections to the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's motion for attorneys' fees and reimbursement of expenses, must be filed with the Court and delivered to Lead Counsel and Defendants' Counsel such that they are received no later than August 21, 2014, in accordance with the instructions set forth in the Notice.

Please do not contact the Court, the Clerk's office, Anadarko, or its counsel regarding this notice.  All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.

Inquiries, other than requests for the Notice and Proof of Claim Form, should be made to Lead Counsel:

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP
John C. Browne, Esq.
1285 Avenue of the Americas
New York, NY 10019
1-800-380-8496
[email protected]

Requests for the Notice and Proof of Claim Form should be made to:

In re Anadarko Petroleum Corporation Class Action Litigation   
c/o A.B. Data, Ltd.
P.O. Box 170999
Milwaukee, WI 53217-8099
1-866-828-2348
www.anadarkosecuritieslitigation.com 
 
By Order of the Court

¹ A complete list of the Anadarko Securities is available at www.anadarkosecuritieslitigation.com  and is set forth in the full printed notice of the settlement referred to below.

SOURCE Bernstein Litowitz Berger & Grossmann LLP

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