If You Purchased Municipal Derivative Transactions from January 1, 1992 to August 18, 2011 File a Claim Now to Get a Payment from a Class Action Settlement
NEW YORK, Jan. 5, 2015 /PRNewswire/ -- The following is being released by Hausfeld LLP; Boies, Schiller & Flexner LLP; and Susman Godfrey L.L.P.
The claims filing deadline is approaching for Settlements in a class action lawsuit alleging price-fixing in the sale of municipal derivatives transactions. The case, In re Municipal Derivatives Antitrust Litigation, MDL No. 1950, No. 08-02516, was filed in the United States District Court for the Southern District of New York.
Class Members include all state, local and municipal government entities, independent government agencies, quasi-government, non-profit and private entities that purchased:
(a) By negotiation, competitive bidding or auction municipal derivative transactions directly from an Alleged Provider Defendant or Co-Conspirator, or through an Alleged Broker Defendant or Co-Conspirator,
(b) Any time from January 1, 1992 through August 18, 2011 in the U.S. and its territories or for delivery in the U.S. and its territories.
The Settlements affect claims against banks including:
- Morgan Stanley
- Wachovia Bank, N.A., now known as Wells Fargo Bank, N.A.
- JP Morgan Chase & Co.
- Bank of America, N.A.
- GE Funding Capital Market Services, Inc.
Class Members who wish to receive a payment must submit a Claim Form online or by mail by January 13, 2015. Class Members may be entitled to Settlements of more than $90 million. Payments will be based on the number of valid claims filed and a "Distribution Plan" (how the funds will be divided among eligible Class Members) approved by the Court on June 6, 2014 available at www.MunicipalDerivativesSettlement.com.
The Court has appointed the law firms of Hausfeld LLP; Boies, Schiller & Flexner LLP; and Susman Godfrey L.L.P. as Class Counsel to represent all members the Class. Class Members who want to be represented by their own lawyer may hire one at their own expense.
For more information or a Claim Form, call 1-877-310-0512, visit www.MunicipalDerivativesSettlement.com, or write to: Municipal Derivatives Settlement, c/o Rust Consulting, Inc., PO Box 2500, Faribault, MN 55021-9500.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/if-you-purchased-municipal-derivative-transactions-from-january-1-1992-to-august-18-2011-file-a-claim-now-to-get-a-payment-from-a-class-action-settlement-300015199.html
SOURCE Hausfeld LLP; Boies, Schiller & Flexner LLP; Susman Godfrey L.L.P.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article