Spaude v Phillips Murrah Settlement

United States District Court for the Northern District of Ohio Eastern Division, Case No. 1:17-cv-02120

A COURT ORDERED THIS NOTICE TO BE POSTED. IT IS NOT A LAWYER SOLICITATION. YOU MAY BE ELIGIBLE FOR BENEFITS FROM THE PROPOSED SETTLEMENT OF A CLASS ACTION FILED ON YOUR BEHALF. YOUR RIGHTS MAY BE AFFECTED BY THIS LITIGATION.
THE PROPOSED SETTLEMENT


This Notice relates to a proposed settlement of claims in the pending Action brought by Plaintiffs against Defendants alleging, that Phillips Murrah and several of its attorneys were involved with and liable for its alleged role in the fraudulent investment scheme perpetrated by Quantum Energy, LLC and/or Quaneco, LLC. A more detailed description of the Action is set forth in the FAQS.


If you are a Class Member, the settlement is approved, and you timely submit a Claim Form, you may be entitled to receive a pro-rata share of the settlement amount. Specifically, the class representatives, Thomas W. Spaude, Angela M. Spaude, and Dennis C. Macieski (“Plaintiffs”), on behalf of themselves and the Class, have reached a proposed settlement of the Action with Phillips Murrah, P. C., (the “Settling Defendant”) for $250,000.00 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).


More information, including a copy of the Settlement Agreement, is available at in the Documents section of this website. You may also view the settlement agreement and other documents in this case on file with the Clerk of Court, United States District Court for the Northern District of Ohio, Carl B. Stokes, U.S. Court House, 801 West Superior Avenue, Cleveland, OH 44113.


Plaintiff will apply to the Court for an award of attorneys’ fees and expenses to be paid from the settlement fund, not to exceed one-third of the settlement amount on behalf of the counsel who represented Plaintiffs and the Class in this class action.


If you have any questions about this Notice, the proposed Settlement, or your eligibility to participate in the Settlement, please DO NOT contact Defendants or their counsel. All questions should be directed to Class Counsel or the Claims Administrator. Their contact information is located in FAQs 9 and 10.


YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT:

SUBMIT A CLAIM FORM POSTMARKED
NO LATER THAN MARCH 25, 2019.

This is the only way to be eligible to receive a payment from the Settlement Fund. Whether or not you submit a Claim Form, you will be bound by the Settlement if approved by the Court and you will give up any Released Claims (defined below) that you have against Defendants and the other Releasees (defined below), so it is in your interest to submit a Claim Form.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN MARCH 19, 2019.

If you do not like the proposed Settlement or the request for attorneys’ fees and reimbursement of Litigation Expenses, you may write to the Court and explain why you do not like them. You cannot object to the Settlement or the fee and expense request unless you are a Class Member.

OPT OUT BY SUBMITTING A WRITTEN REQUEST TO EXCLUDE YOURSELF FROM THE CLASS SO THAT IT IS POSTMARKED NO LATER THAN MARCH 11, 2019.

If you wish to retain the right to sue separately for claims released by the settlement, you can exclude yourself from the class. You can exclude yourself from the Class by mailing written notice of your intent to exclude yourself from the class to the address set forth below so that it is postmarked by March 11, 2019.  

GO TO A HEARING ON APRIL 9, 2019, AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN MARCH 19, 2019.

Filing a written objection and notice of intention to appear by March 19, 2019 allows you to speak in Court, at the discretion of the Court, about the fairness of the proposed Settlement and/or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

DO NOTHING.

If you are a Class Member, you will not be eligible to receive any payment from the Settlement Fund if you do not submit a valid Claim Form. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.



This website is authorized by the Court, supervised by counsel and controlled by Heffler Claims, the Settlement Administrator approved by the Court. This is the only authorized website for this case.

For more information please call 855-711-8800

Documents

Please read for a full explanation of the settlement and your options and all applicable timelines.

Contact

Contact us with any inquiries, comments, and/or requests.

Submit Claim

Click here to safely and securely submit a Claim Form.

Long Form Notice

Long Form Notice

Important Dates

  • Exclusion Deadline.

    Monday, March 11, 2019 You must complete and mail your request for exclusion so that it is postmarked no later than March 11, 2019.
  • Objection Deadline.

    Tuesday, March 19, 2019 You must mail your objection(s) and/or notice of intent to appear at the Final Approval Hearing so that it/they are received no later than March 19, 2019.
  • Claim Form Deadline.

    Monday, March 25, 2019 You must submit your Claim Form on-line no later than March 25, 2019, or mail your completed paper Claim Form so that it is postmarked no later than March 25, 2019.
  • Final Approval Hearing Date.

    Tuesday, April 9, 2019 The Final Approval Hearing is scheduled for April 9, 2019. Please check this website for updates.

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