The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
The Parties have reached a settlement of the Action for $44,750,000 in cash (the “Settlement”) that resolves all claims in the Action. On October 29, 2021, the Court held a hearing on the Settlement and related maters. Following the hearing, the Court entered an Order and Final Judgment finally approving the Settlement, approving the Plan of Allocation for the proceeds of the Settlement, and awarding attorneys’ fees and litigation expenses.
If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:
All former record stockholders and beneficial owners of Alon USA Energy, Inc. (“Alon” or the “Company”) common stock who owned such stock at any time during the time period from January 3, 2017, to and including July 1, 2017, including any and all of their respective legal representatives, heirs, successors, successors in interest, transferees and assigns.
Read the Notice to fully understand your rights and options, including how distribution is to be made. Copies of the Notice can be found in the menu on the left of this page. If you have questions, you may also call the Alon Stockholder Litigation Help Line at 1-877-777-9325 or email info@AlonStockholderLitigation.com.
Please be patient, as it will take some time to conduct the Settlement distribution.