Anadarko Petroleum securities settlement
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Sources last checked:
A proposed $114.5 million cash settlement covers losses tied to Anadarko Petroleum common stock. Investors alleged misleading statements about the Shenandoah oil project. The court preliminarily approved the settlement on October 2, 2026 and scheduled a settlement hearing for January 14, 2027 at 10 a.m. in Houston, Texas. Final approval and any distribution are still pending.
A payment depends on documented trades, shares held through the May 3, 2017 corrective disclosure and the total amount of valid claims. The plaintiffs estimated an average of $0.41 per eligible share before deductions. Individual payments can be higher, lower or zero.
Key facts
- Security
- Anadarko Petroleum common stock (former NYSE ticker APC)
- Class period
- February 20, 2015 through May 2, 2017, inclusive
- Proposed fund
- $114.5 million in cash before deductions
- Claim deadline
- January 21, 2027 online or by mail postmark
- Minimum distribution
- $10 calculated payment
- Settlement hearing
- January 14, 2027 at 10 a.m. in Houston, subject to change
- Court
- U.S. District Court for the Southern District of Texas, No. 4:20-cv-00576
Official settlement administrator: Verita Global
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
On October 2, 2026, the Court granted Preliminary Approval of the Class Action Settlement.
Claim statusChecked
Thursday, January 14, 2027, at 10:00 AM
Court notice setting the January 14, 2027 hearing (Dkt. 372)Entered October 20, 2026, p. 1
Who qualifiesChecked
COMMON STOCK BETWEEN FEBRUARY 20, 2015, AND MAY 2, 2017, INCLUSIVE, AND WERE ALLEGEDLY HARMED THEREBY
Court-authorized summary notice issued by Robbins Geller Rudman & Dowd LLPOpening class notice
Who qualifiesChecked
any entity in which Defendants have a controlling interest
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)Footnote 1, exclusions, p. 2
Payment and benefitsChecked
a proposed settlement of the Litigation on behalf of the Class for $114.5 million in cash
Court-authorized summary notice issued by Robbins Geller Rudman & Dowd LLPProposed settlement
Payment and benefitsChecked
Class Period and held through a corrective disclosure.
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)Proposed allocation, pp. 32–35
Payment and benefitsChecked
If the prorated payment to any Authorized Claimant calculates to less than $10.00, it will not be included in the calculation
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)Proof of Claim, p. 43
Proof requirementsChecked
COPIES OF BROKER CONFIRMATIONS OR OTHER DOCUMENTATION OF YOUR TRANSACTIONS IN ANADARKO COMMON STOCK SHOULD BE ATTACHED TO YOUR PROOF OF CLAIM.
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)Transaction records, p. 43
Proof requirementsChecked
I (We) declare under penalty of perjury under the laws of the United States of America
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)Signature and release, p. 53
Proof requirementsChecked
All such claimants MUST also submit a manually signed paper Proof of Claim
Entered preliminary approval order with notice, allocation plan and Proof of Claim (Dkt. 369)High-volume electronic transaction files, p. 43
Claim deadlineChecked
by mail (postmarked no later than January 21, 2027) or electronically via the website (no later than January 21, 2027)
Court-authorized summary notice issued by Robbins Geller Rudman & Dowd LLPFiling instructions in issued summary notice
Who qualifies
- The class covers people and entities that purchased or otherwise acquired Anadarko common stock during the class period and were allegedly harmed. Texas is the court location. The class definition uses the security, dates and loss, and states no separate Texas residency requirement.
- Excluded are defendants and their families, legal representatives, heirs, successors or assigns; Anadarko officers, directors, subsidiaries and affiliates during the class period; entities in which defendants have a controlling interest; and any judicial officer assigned to the litigation. A timely and valid exclusion request also bars payment.
- The beneficial purchaser or acquirer, or an authorized representative, files the claim. Joint purchasers must all sign. A representative must identify their capacity and attach evidence of authority. The plan requires a qualifying class-period purchase or acquisition. Reporting later trades does not make those later purchases eligible. A gift, inheritance or transfer by operation of law counts only if the original holder acquired the shares during the class period, nobody filed another claim for those shares, and the instrument of gift or assignment specifically provides for it.
How to file an Anadarko securities claim
- 1
Gather your trading records
Obtain broker confirmations or other records showing trade dates, share counts, prices and holdings. Report purchases and sales through July 31, 2017, and closing positions on February 19, 2015, May 2, 2017 and July 31, 2017. List transactions chronologically by trade date. Use copies and retain the originals.
- 2
Complete the Proof of Claim and Release
Identify the beneficial owner, provide the requested contact and tax-identification details, and sign under penalty of perjury. File one claim per legal entity covering all of its accounts. Keep individually owned, jointly owned and IRA holdings separate. The court-filed form is Exhibit 2 to Dkt. 369, PDF pages 40–54.
- 3
Submit online or by mail by January 21, 2027
The issued notice permits filing electronically at www.AnadarkoSecuritiesSettlement.com or mailing the complete signed form and copies of trade records. Address mail to Anadarko Securities Settlement, Claims Administrator, c/o Verita Global, P.O. Box 301135, Los Angeles, CA 90030-1135. Mailed claims must be postmarked by January 21. Online claims must be submitted by that date. Keep a copy and proof of submission.
- 4
Follow the separate instructions for large transaction files
If submitting a high-volume electronic transaction file, request the file layout from edata@veritaglobal.com. The form also requires these filers to send a manually signed paper Proof of Claim and receive written acknowledgment that their electronic data was accepted. For a form or help with the filing process, contact Verita at 1-888-808-2809.
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Frequently asked questions
How will Anadarko settlement payments be calculated?
Under the proposed plan, eligible shares sold on or before May 2, 2017 have no recognized loss. For sales May 3 through July 31, the formula uses the least of the applicable inflation, trading loss and lookback-price limits. For shares still held at the July 31 close, it uses the lesser of the applicable inflation or the purchase price minus $47.88. Negative results count as zero. The notice’s tables and first-in, first-out matching rules govern the calculation.
Does the $0.41 average mean I receive that amount for every share?
No. It is a gross estimate before deductions, including taxes, administration expenses and court-approved fees. The proposed plan allocates the available net fund according to recognized claims. An overall market gain yields zero, and an overall market loss caps the recognized claim. A calculated distribution below $10 is not paid.
Is December 24 the claim deadline?
No. December 24, 2026 concerns exclusions and objections. The issued notice says exclusion requests must be postmarked or received by then, and objections must be filed with the court and sent to both sides’ counsel by then. Payment claims are due January 21, 2027. A person who remains in the class is bound by the settlement if approved even if they do not file a claim.
What if I do not have the official form?
Request the Proof of Claim and Release from Verita Global at the mailing address above, or use the court-approved form in Dkt. 369, PDF pages 40–54. The issued summary notice supplies the January 21, 2027 deadline that is blank in the attached court template.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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