PDC Energy Inc. said Friday its reached a settlement agreement for a class-action lawsuit alleging that the company didn’t adequately disclose information about its purchase of partnerships in 2010 and 2011.
The case, titled Schulein v. Petroleum Development Corp., was filed in December 2011 in the U.S. District Court for the Central District of California.
Under the proposed settlement agreement, which must be approved by the judge, the case would be dismissed with prejudice, meaning plaintiffs…
PDC Energy Inc. said Friday its reached a settlement agreement for a class-action lawsuit alleging that the company didn’t adequately disclose information about its purchase of partnerships in 2010 and 2011.
The case, titled Schulein v. Petroleum Development Corp., was filed in December 2011 in the U.S. District Court for the Central District of California.
Under the proposed settlement agreement, which must be approved by the judge, the case would be dismissed with prejudice, meaning plaintiffs…