Oil, Gas Royality Settlement Objectors Brief 10th Circuit On Attorney Fee Challenge

( January 27, 2025, 1:48 PM EST) -- DENVER — A trial court in approving more than $17.3 million in attorney fees as part of a $52 million oil and gas royalty settlement ignored the Oklahoma Supreme Court’s ruling in Strack v. Continental Resources, which requires percentage-based common fund fee awards to be tested by a lodestar cross-check, and failed to follow the 10th Circuit U.S. Court of Appeals mandate to apply controlling Oklahoma law, objectors argue in separate appellant briefs filed in the 10th Circuit....