Gas Natural Inc. (NYSEMKT:EGAS) Files An 8-K Other Events
Item 8.01.Other Events.

On April 17, 2017, following a hearing on April 12, 2017, the United States District Court for the Northern District of Ohio issued an order (the “Final Order”) in the action captioned In re Gas Natural Inc., Case No. 1:13-cv-02805, granting final approval of the settlement (the “Settlement”) as set forth in the Stipulation of Settlement dated January 13, 2017 (the “Stipulation”), by and among (i) plaintiffs John Durgerian and Joseph Ferrigno, individually and derivatively on behalf of Gas Natural Inc. (the “Company”); (ii) certain of the Company’s current and former officers and directors; and (iii) the Company.

As previously reported, the Court granted preliminary approval of the Settlement in an order dated January 31, 2017. In February 2017, the Company and its insurance carriers paid the settlement payment into an escrow account established to the Stipulation. The Final Order approved the award of attorneys’ fees and unreimbursed expenses to lead counsel for Plaintiffs’ in the amount of $3,200,000, which will be paid from the settlement payment that is being held in the escrow account.

The Settlement, as finally approved, caused the dismissal with prejudice of this litigation. However, the Final Order is subject to appeal. The Settlement will become effective 30 days from April 17, 2017, the date the Final Order was entered by the Court, in the event no appeal is filed.

About Gas Natural Inc. (NYSEMKT:EGAS)

Gas Natural Inc. is a natural gas company. The Company operates through three segments: Natural Gas; Marketing and Production, and Corporate and Other. The Natural Gas segment annually distributes approximately 20 billion cubic feet of natural gas to its customers through regulated utilities operating in Maine, Montana, North Carolina and Ohio. Its operations in Maine provide natural gas service to customers in Bangor, Brewer, Old Town, Orono, Bucksport, Hermon, Veazie and Lincoln. Its operations in Montana provide natural gas service to customers in Cascade, Gallatin and Glacier counties. Its North Carolina operations provide natural gas service to customers in Ashe, Surry, Warren, Watauga, Wilkes and Yadkin counties. The Company’s Marketing and Production segment annually markets approximately 1.5 billion cubic feet of natural gas to commercial and industrial customers in Montana, Wyoming and Ohio through its subsidiaries, Energy West Resources, Inc. and Gas Natural Resources, LLC.

Gas Natural Inc. (NYSEMKT:EGAS) Recent Trading Information

Gas Natural Inc. (NYSEMKT:EGAS) closed its last trading session down -0.04 at 12.56 with 15,315 shares trading hands.