May 18, 2012 - The court ordered the authorization of the distribution of the net settlement fund.
March 23, 2010 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.

January 14, 2010 - The court preliminarily approved the settlement.

January 11, 2010 - Parties filed a stipulation of settlement.

September 30, 2009 - The court substituted the lead plaintiff with a new lead plaintiff and appointed a new co-lead counsel.

October 1, 2007 - The court granted in part and denied in part the defendants' motions to dismiss.

September 13, 2006 - The defendants filed motions to dismiss.

June 14, 2006 - The lead plaintiff filed a consolidated complaint on behalf of investors who purchased Stone Energy Corporation (NYSE: SGY) common shares between May 2, 2001 and March 10, 2006. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 2, 2001 and March 10, 2006.

March 17, 2006 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

February 9, 2006 - The plaintiff that filed the November 29, 2005 complaint filed a notice of voluntary dismissal.

January 30, 2006 - Lead plaintiff motions were filed.

December 21, 2005 - Another additional investor filed a complaint.

December 7, 2005 - An additional investor filed a complaint.

December 5, 2005 - Another investor filed a complaint.

November 29, 2005 - An investor in shares of Stone Energy Corporation (NYSE: SGY) filed a lawsuit in the U.S. District Court for the Western District of Louisiana against Stone Energy Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between June 17, 2005 and October 6, 2005.

The complaint alleges defendants, Stone Energy Corporation and certain of its officers and directors, violated federal securities laws by issuing a series of materially false statements. Stone Energy Corporation engages in the acquisition, exploration, development, operation, and production of oil and gas in the Gulf of Mexico, various basins of the Rocky Mountains, and Williston basin oil of North Dakota and Montana.

Specifically, the complaint alleges defendants failed to disclose and misrepresented the following adverse facts: (i) that Stone Energy Corporation was materially overstating its financial results by overvaluing its oil reserves through improper and aggressive reserve methodologies. Stone Energy Corporation has now launched an internal investigation into its reserve practices and admitted that it overstated its oil reserves and that it will be restating its financial statements for 2001 to 2004 and for the first six months of 2005; (ii) that Stone Energy Corporation lacked adequate internal controls and was therefore unable to ascertain its true financial condition; and (iii) that as a result of the foregoing, the values of Stone Energy Corporation’s proven reserves, assets and future net cash flows were materially overstated at all relevant times.

The complaint further alleges that on or around October 6, 2005, Stone Energy Corporation issued a press release announcing that it intends to take a significant reserve write-down, among other things. On this news, the price of Stone Energy Corporation (NYSE: SGY) stock fell $7.93 per share or almost 14% to close at $48.14 per share. Then, on November 8, 2005, Stone Energy Corporation issued a press release announcing that it will restate its financial statements for the periods from 2001 to 2004 and for the first six months of 2005.