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

ISDAfix$504.5 millionAlleged 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 millionAlleged 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 includingAugust 1, 2018
EUROYEN$236 millionAlleged 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 investmentsSeptember 25, 2018 (Extended from February 20, 2018)

About FRT


Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to

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