$401,000 gifted to area groups
Some 2,100 royalty owners and their heirs aren’t the only ones who will benefit from a $30-million settlement of a class-action lawsuit that was reached approximately 18 months ago.
Twenty educational and charitable organizations serving citizens in Custer, Dewey and Roger Mills counties will split almost $402,000 of the settlement because the intended owners didn’t cash checks that were sent to them, it was announced Friday. Each organization’s share will range from $6,000 to $50,000.
Distribution of the $401,632.68 in funds still on hand was designated in an order issued by Associate District Judge Pat VerSteeg of Roger Mills County. The directive was dated, appropriately, on Valentine’s Day, Feb. 14, 2014. The Clinton Daily News was informed of it yesterday by Mark Walraven, son-in-law and legal partner of C.B. Graft, a Clinton attorney who helped file one of two lawsuits in 2001 that were later combined and led to the settlement in September of 2012 after 11 years of work.