Securities Class Action Cases: Quarterly Disbursed Claims – Q2-2018
By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies
In Q2-2018, over $3.5 billion of settlement funds were distributed across 45 settlements, an increase of over 500% from the more than $1b distributed in Q1-2018. For more information, contact your Financial Recovery Technologies representative or email us.
Top 5 Recently Settled Cases in Q2-2018 (in terms of settlement fund value)
- Petrobras ($3b)
- Allergen, Inc. ($250m)
- Lending Corporation ($125m)
- Citigroup, Inc. ($75m)
- GT Advanced Technologies, Inc. ($36.7m)
Top 5 Disbursed Cases in Q2-2018 (in terms of settlement fund value)
- Dana Corporation ($64m)
- NII Capital Corporation ($41.5m)
- St. Jude Medical, Inc. ($39.25m)
- L-3 Communications Holdings, Inc. ($34.5m)
- Facebook, Inc. ($26.5m)
Q2-2018 Disbursed Cases
| CASE | SETTLEMENT AMOUNTS | NATURE OF SUIT | FILING DEADLINE |
|---|---|---|---|
| ISDAfix | $504.5 million | Alleged manipulation of the ISDAfix benchmark rate, used to set the rate for interest rate derivative products from plain vanilla interest rate swaps and swaptions to more complex financial instruments such as swapnote futures, cash settled swap futures etc. | July 16, 2018 |
| EURIBOR | $309 million | Alleged fixing of the Euro Interbank Offered Rate (Euribor), the benchmark rate used to price and settle Euribor futures contracts traded on the NYSE LIFFE exchange, and OTC instruments including | August 1, 2018 |
| EUROYEN | $236 million | Alleged manipulation of the Yen-Libor and Euroyen Tibor benchmark rates and the prices of Euroyen-based derivatives, instruments used to hedge against impact of currency fluctuations on Yen-based investments | September 25, 2018 (Extended from February 20, 2018) |
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U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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