Judge Approves Final Settlement Of SemGroup Class Action Suit - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Judge Approves Final Settlement Of Class Action Lawsuit Against SemgGroup Leaders

Posted: Updated:
The U.S. District Court for the Northern District of Oklahoma has approved the settlement of the class action lawsuit filed against SemGroup Energy Partners, L.P. The U.S. District Court for the Northern District of Oklahoma has approved the settlement of the class action lawsuit filed against SemGroup Energy Partners, L.P.

NewsOn6.com

TULSA, Oklahoma --  The U.S. District Court for the Northern District of Oklahoma has approved the settlement of the class action lawsuit filed against SemGroup Energy Partners, L.P. 

Read the Judgement

The lawsuit was settled on May 3, 2011 pending final approval from a federal judge.  Judge Gregory Frizzell approved the settlement with prejudice on October 5.

5/4/2011:  Related Story:  Former Leaders Of Tulsa's SemGroup Settle Class Action Lawsuit

The company is now known as Blueknight Energy Partners L.P.

According to court documents, founder and former CEO Tom Kivisto and six other men connected to SemGroup agreed to pay part of the $28 million settlement, but none of the parties named in the suit admitted to any wrongdoing.

The suit was filed on behalf of anyone who bought or held stock in SemGroup Energy Partners from July 17, 2007 through July 17, 2008.

"Settlement of the Class Action Litigation is another step that furthers BKEP's restructuring. We are pleased to have this SemGroup legacy issue resolved and behind us," explained Mr. James C. Dyer, Chief Executive Officer of BKEP's general partner.

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.

Links

Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.