Overview
FRT has been actively monitoring the ongoing Stock Lending Antitrust Litigation. The court has preliminarily approved two partial settlements totaling $580 million. With a claims filing deadline of July 8, 2024, investors should begin gathering the necessary data today for this opportunity ($580 million settlement).
Given the scope of the stock lending market and the age/length of the class period, we have already started working with our clients to begin gathering necessary data.
Stock Lending Antitrust Litigation: Key Challenges
- We expect data gathering and claim preparation to be particularly challenging due to inconsistencies in the designations of stock loan transactions.
- Non-US domiciled claimants will be required to establish a nexus between their stock loan transaction and the US.
- The claim form includes non-standard fields such as counterparty identification, value of posted collateral, determining whether transaction loan costs were expressed as a rebate or fee, among other complexities.
Additional Reading
Learn more about stock lending from FRT’s legal experts:
FRT Insights
‘But-For’ Modeling in the Stock Lending Class Action Settlements
In an earlier piece about the upcoming claims administration for the $581M+ partial settlement of the antitrust class action
Case Spotlight
Stock Lending Settlements: If “Interested”, Capitalize Now For Returns Later
Two partial settlements, in the Stock Lending Class Action,[1] totaling $581M were recently preliminarily approved by the US
Case Spotlight
Further Thoughts on the Stock Lending Settlement
Previously, I wrote about the upcoming claims administration for the $581M+ partial settlement of the antitrust class action