Alta Mesa Investors Get Final Approval for $126 Million Accord

A more than $126 million class settlement between Alta Mesa Resources Inc. investors and four groups of defendants over the energy company’s blank-check merger and demise warrants final approval, a federal court ruled.

Judge George C. Hanks Jr. on Tuesday also approved plaintiffs’ attorneys’ fees equal to 33% of the settlement amount, or nearly $42 million, in the US District Court for the Southern District of Texas case.

Riverstone Holdings LLC, the private equity firm behind the special purpose acquisition company that brought Alta Mesa public through a merger, joined with Alta Mesa and numerous individual defendants to contribute $115 ...