. Under Chapter 11 of the Bankruptcy Code, which was approved by the United States Bankruptcy Court for the District of Delaware on September8, 2016 and became effective on September9, 2016. The complaints generally alleged, among other things, that the members of the Companys board of directors breached their fiduciary duties to shareholders of the Company by recommending that the stockholders approve the issuance of the additional shares. On April7, 2015, the court consolidated the lawsuits into a single action captioned In re Halcn Resources Corporation Stockholder Litigation, C.A. No.10849 and appointed lead plaintiffs and lead counsel. On April14, 2015, lead plaintiffs filed a motion for a preliminary injunction seeking to enjoin the stockholder vote on Proposal 4 of the Co mpanys Definitive Proxy Statement on Schedule 14A filed on April2, 2015. On April24, 2015, lead plaintiffs determined to withdraw that motion in view of the supplemental disclosures made in the Companys Form8-K filing on April24, 2015. On July13, 2016, the Delaware Court of Chancery approved a stipulation under which lead plaintiffs voluntarily dismissed the action with prejudice only as to the plaintiffs in the action. The Court retained jurisdiction solely for the purpose of adjudicating lead plaintiffs counsels anticipated application for an award of attorneys fees and reimbursement of expenses. The Company subsequently agreed to pay $430,000 to lead plaintiffs counsel in full satisfaction of their claim for attorneys fees and expenses in the action. The Court of Chancery has not been asked to review, and will pass no judgment on, the payment of a fee or its reasonableness.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HALCN RESOURCES CORPORATION
/s/ Mark J. Mize
Mark J. Mize
Executive Vice President, Chief Financial Officer and Treasurer
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