Alta Mesa Investors Reach Partial Settlements as Trial Starts

Alta Mesa Resources Inc. investors have reached class settlements worth more than $11 million with several defendants as a trial begins over the blank-check merger that brought the now-defunct energy company public.

Investors asked for preliminary court approval of a $2 million accord with private equity firm Bayou City Energy Management LLC on Nov. 15, in the latest of several settlement-related filings in the US District Court for the Southern District of Texas case.

The other major defendants remaining in the suit, HPS Investment Partners LLC and ARM Energy Holdings LLC, asked for approval of settlements worth $6.3 million ...