Overview
WELCOME TO THE DELTA NATURAL GAS STOCKHOLDER LITIGATION WEBSITE
In re Delta Natural Gas Company, Inc. Stockholder Litigation, Case No. 17-CI-00175
The purpose of this website is to inform you of the pendency of this class action, and the action styled as Parshall v. Delta Natural Gas Company, Inc., et al., Case No. 5:17-cv-00194 filed in the United States District Court for the Eastern District of Kentucky (together, the “Actions”),between Plaintiffs and Defendants Delta, its board of directors as of February 21, 2017 (Glenn R. Jennings, Linda K. Breathitt, Jacob P. Cline, III, Sandra C. Gray, Edward J. Holmes, Michael J. Kistner, Fred N. Parker, Rodney L. Short, and Arthur E. Walker, Jr.), PNG, Merger Sub and SteelRiver (collectively, “Defendants”), the class action determination, the settlement of class action, and of the hearing to be held by the Court to consider the fairness, reasonableness, and adequacy of the Settlement, as well as Plaintiffs’ counsel’s application for attorneys’ fees and expenses. This website describes what steps you may take in relation to the Settlement and this Action.
The Settlement provides for the dissemination of a Supplement to Delta’s Definitive Proxy Statement on May 25, 2017, that contained certain additional disclosures regarding the Transaction, including: information regarding the process leading up to the Transaction, including employment-related discussions with Delta’s executive officers and confidentiality agreements Delta entered into with prospective bidders; additional details of the analyses performed by the Company’s financial advisor Tudor, Pickering, Holt & Co. Advisors, LLC (“TPH”) in evaluating the fairness of the Transaction to Delta stockholders; and certain financial projections provided to TPH by Delta management. The full text of the Form 8-K containing the Supplemental Disclosures, which was mailed to stockholders on May 25, 2017, can be found on this website.
| YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT | |
| DO NOTHING | You are giving up any and all claims against Defendants in connection with the Transaction between Delta and PNG. |
| OBJECT | You may write to the Court if you object to this Settlement. |
| GO TO A HEARING | You may ask to speak in Court about the fairness of the Settlement or the attorney fees requested by Plaintiffs’ counsel. |