Barrack, Rodos & Bacine Announces Proposed Settlement of Stone Energy Derivative Litigation

2/18/2010 - Barrack, Rodos & Bacine, co-lead counsel for plaintiffs in the derivative action brought by shareholders of Stone Energy Corporation, is pleased to announce that the United States District Court for the Western District of Louisiana has granted preliminary approval to a proposed settlement of the action. The Court has scheduled a hearing for March 23, 2010 at 1:30 p.m. in Lafayette, Louisiana to determine whether to grant final approval of the proposed settlement. For more information about the proposed settlement, click here for a copy of the Notice of Pendency & Proposed Settlement of Shareholder Derivative Action and here for a copy of the Stipulation of Settlement.

If you have any question about the settlement of this important case, please contact BR&B partner Mark R. Rosen by telephone at (215) 963-0600, or by email at mrosen@barrack.com.