Yes, 58 members are suing the Association:
Page #12: The Oklahoma Department of Securities has ordered leaders of the Walling Heirs Association to stop selling association memberships that the leaders claim were used to fund an effort to recover a lost family fortune. The order which resulted from a hearing before a securities department administrative officer states that the Walling Heirs Association; its president, Beatrice Thedford; and her two daughters, XXXXX XXXXX and LaDonna Spradlin, violated the Oklahoma Securities Act by selling unregistered securities. The order, issued January 23, lists findings from four days of hearings in December and January. The order detailed these findings, based on testimony: Thedford actively recruited members for the association by placing newspaper advertisements seeking people who believed themselves heirs of John Walling Sr. More than 4,000 members contributed to the association. Memberships were not limited to those believing they were heirs. Potential members were urged to join as "finder's fee" members even though they had advised association employees they were not heirs or even related by marriage to heirs of John Walling Sr. Originally, the finder's fee heirs were to obtain 10 percent of "any recovery off the top, before payment of attorneys' fees." But later the association leaders changed that to limit recovery of finder's fees only after payment of attorney fees. Thedford "dominated" the activities of the association and did not allow her board members to vote on association decisions. Association funds were commingled with the personal funds of Thedford and money from these commingled accounts was used to pay personal expenses and make a personal loan to Thedford's sister. Failure to obey the order is a felony punishable by a fine of not more than $10,000 or imprisonment not more than 10 years or both upon conviction. The order was filed in the securities department by administrator XXXXX XXXXX. The state agency first filed a lawsuit last summer asking an Oklahoma County District Court judge to bar association members from recruiting members and from spending the members' money. In October, the leaders were accused in another lawsuit of improperly spending contributions meant to fund an effort to recover the lost family fortune of John Walling Sr. In the lawsuit petition, 58 members asked Oklahoma County District Judge John Amick to impound the association's remaining funds and turn the money over to a new board of directors. They also asked that association leaders be forced to reimburse the association "for all funds recklessly, negligently and improperly spent," to turn over any profits from those leaders' administration of the association and to pay punitive damages
"for fraudulently inducing" contributions.
Page #14: The Walling Heirs Association has agreed in Oklahoma County District Court not to recruit new members for its efforts to recover a lost family fortune. The association also has agreed to give refunds to any dissatisfied members. The Walling Heirs Association is based in Oklahoma City. It has been at odds with the Oklahoma Department of Securities, which found its recruitment practices in violation of the law. The agency also questioned the association's handling of more than $1 million in membership fees. The dispute ended up in court, with the state agency twice suing the Walling Heirs Association and its leaders. Dissatisfied members also sued the leaders. On February 12, the association filed for reorganization protection in U.S. Bankruptcy Court. The state securities department, meanwhile, got an Oklahoma County judge to appoint an independent receiver to handle the association's money. Little of the money remained, attorneys said at the time. A settlement, signed March 26, was in documents filed in bankruptcy court Wednesday. Under the settlement, all suits and the bankruptcy case are to be dropped. The association is to offer its more than 4,000 members their money back. The offer must include documents detailing the association's finances, its plans
and potential risks for those who want to stay in the association rather than get a refund. The Walling Heirs Association's survival depends on how many members accept the offer for a refund, said Charles E. Moore, director of enforcement for the state securities department. Under the settlement, the association must file for bankruptcy and let a judge divide its assets among all members if it lacks money to make all the refunds requested. The association also cannot seek new members, but can ask present members for more money.
It is not clear whether the Association is still pursuing litigation against the oil companies. If they cannot tell the members what type of case is pending in which Court, I cannot search every docket in the US to find out.