News from Notch Consulting, Inc.

June 23, 2009

Settlement Proposed in Concarb Ponca City Class Action Suit

Filed under: Carbon Black — Notch @ 6:45 am

Native American Times is reporting that a settlement has been proposed in the Class Action lawsuit filed by the Ponca Tribe against Continental Carbon regarding the Ponca City carbon black plant.

A settlement has been proposed in the Class Action lawsuit, Ponca Tribe of Indians, et al. v. Continental Carbon Company, et al., Case No. 05-445 (W.D. Okla.) (Judge Cauthron Presiding). The settlement will provide $10,500,000.00 to settle claims of Enrolled Tribal Members who own land or a mortgage interest within the boundaries set out in the map below on January 3, 2007. If you qualify, you may send in a claim form to get benefits, or you can exclude yourself or object to the settlement.

The settlement is subject to approval from the United States District Court for the Western District of Oklahoma.

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