NEW YORK, March 24, 2016 /PRNewswire/ -- The following is being released by Hausfeld LLP; Boies, Schiller & Flexner LLP; and Susman Godfrey L.L.P.
The opt-out period and claims filing deadline is approaching for Settlements in a class action lawsuit alleging bid-rigging 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 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 providers and brokers including:
- UBS AG
- Société Générale S.A.
- Natixis Funding Corp.
- Piper Jaffray & Co.
- National Westminster Bank Plc
- George K. Baum & Company
Class Members who wish to receive a payment must submit a Claim Form online or by mail by July 28, 2016. Class Members who wish to opt-out must do so by May 17, 2016. The Settlements total more than $100 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) preliminarily approved by the Court on March 11, 2016 available at www.MunicipalDerivativesSettlement.com.
The Court has appointed the law firms 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-300241124.html
SOURCE Hausfeld LLP; Boies, Schiller & Flexner LLP; and Susman Godfrey LLP