Lowey Dannenberg, P.C. Announce a Settlement for Those Who Have Transacted in Mexican Government Bonds between January 1, 2006 through April 19, 2017

WHITE PLAINS, N.Y., Sept. 18, 2026 /PRNewswire/ --

SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT

If you entered into a Mexican Government Bond Transaction from January 1, 2006 through and including April 19, 2017 ("Class Period"), your rights may be affected by a pending class action settlement and you may be entitled to a portion of the settlement fund.

This Summary Notice is to alert you to a proposed settlement totaling $86,400,000 reached with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México) ("Santander Mexico"); BBVA México, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA México (formerly known as BBVA Bancomer S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer) ("BBVA México"); Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo Financiero Banamex ("Citibanamex");¹ Deutsche Bank México, S.A., Institution de Banca Múltiple ("Deutsche Bank Mexico");² HSBC México, S.A., Institución De Banca Múltiple, Grupo Financiero HSBC ("HSBC Mexico"); and Bank of America México, S.A., Institución de Banca Múltiple ("Bank of America Mexico") (collectively, the "Settling Defendants"). Settling Defendants deny any liability, fault, or wrongdoing of any kind in connection with the allegations in the Action.

The United States District Court for the Southern District of New York (the "Court") authorized this Notice. The Court has appointed the lawyers listed below to represent the Settlement Class in this Action:

Vincent Briganti
LOWEY DANNENBERG, P.C. 
44 South Broadway, Suite 1100 
White Plains, NY 10601 
Telephone: (914) 733-7221 
[email protected] 

Who Is a Member of the Settlement Class?

Subject to certain exceptions, the proposed Settlement Class consists of all Persons that entered into a Mexican Government Bond Transaction with a Defendant or an affiliate of a Defendant between at least January 1, 2006 and April 19, 2017, where such persons were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted in the United States or its territories.

"Mexican Government Bond Transaction" means any purchase, sale, or exchange of Mexican Government Bonds, whether in the primary, secondary, or any other market. "Mexican Government Bonds" means any debt securities issued by the United Mexican States ("Mexico"), that are Mexican Peso-denominated, including, but not limited to, CETES, Bondes D, UDIBONOS, and BONOS.

The other capitalized terms used in this Summary Notice are defined in the detailed Notice of Proposed Class Action Settlement, December 3, 2026 Fairness Hearing Thereon and Class Members' Rights ("Notice") and the Settlement Agreement, which is available at www.MGBAntitrustSettlement.com.  

If you are not sure if you are included in the Settlement Class, you can ask for free help. You can call toll-free 1-877-829-2941 (if calling from outside the United States or Canada, call 1-414-961-6592) or visit www.MGBAntitrustSettlement.com for more information.

What Is This Lawsuit About and What Does the Settlement Provide?

Plaintiffs allege that each Defendant conspired during the Class Period to fix the prices for Mexican Government Bonds ("MGBs"). Each Defendant allegedly sold newly issued MGBs into the secondary market at artificially high, price-fixed terms to uninformed market participants like Plaintiffs and the Settlement Class. Defendants also allegedly agreed to fix the "bid-ask spread," suppressing the price at which Defendants offered to buy MGBs from market participants and increasing the price at which Defendants offered to sell MGBs to market participants.  Plaintiffs have asserted legal claims under the federal antitrust law and the common law. Settling Defendants deny each and every allegation and claim asserted by Plaintiffs in this lawsuit and believe they would have prevailed if the case were to proceed against them.

To settle the claims in this lawsuit, Settling Defendants have agreed to pay a total of $86,400,000 (the "Settlement Fund") in cash for the benefit of the proposed Settlement Class. If the Settlement is approved, the Settlement Funds, plus interest earned from the date it was established, less any Taxes, any Notice and Administration Costs, any Court-awarded attorneys' fees, payment of litigation costs and expenses, and service awards for Plaintiffs, and any other costs or fees approved by the Court (the "Net Settlement Fund") will be divided among all Settlement Class Members who file valid Proofs of Claim and Release.

Will I Get a Payment?

If you are a member of the Settlement Class and do not opt out, you will be eligible for a payment under the Settlement if you file a Proof of Claim and Release ("Claim Form"). If you filed a Claim Form in connection with the April 21, 2021 notice of the settlements with JPMorgan and Barclays, YOU DO NOT NEED TO SUBMIT A NEW CLAIM FORM TO PARTICIPATE IN THIS SETTLEMENT. You also may obtain more information at www.MGBAntitrustSettlement.com for more information or you can call toll-free 1-877-829-2941 (if calling from outside the United States or Canada, call 1-414-961-6592) or visit www.MGBAntitrustSettlement.com for more information.

Claim Forms must be submitted online at www.MGBAntitrustSettlement.com for more information on or before 11:59 p.m. Eastern time on January 4, 2027 OR mailed and postmarked by January 4, 2027.

What Are My Rights?

If you are a member of the Settlement Class and do not opt out, you will release certain legal rights against Settling Defendants and the other Released Parties, as explained in the detailed Notice and Settlement Agreement, which are available at www.MGBAntitrustSettlement.com. If you do not want to take part in this Settlement, you must opt out by October 29, 2026. You may object to the Settlement, Distribution Plan, and/or application for an award of attorneys' fees, payment of litigation costs and expenses, and/or service awards for Plaintiffs. If you want to object, you must do so by October 29, 2026. Information on how to opt out or object is contained in the detailed Notice, which is available at www.MGBAntitrustSettlement.com.  

When Is the Fairness Hearing?

The Court will hold a telephonic hearing from the United States District Court for the Southern District of New York, Thurgood Marshall United States Courthouse (855-244-8681 access code 2312 828 7066##) on December 3, 2026 at 3:00 P.M. to consider whether to finally approve the Settlement, Distribution Plan, and application for an award of attorneys' fees, payment of litigation costs and expenses, and any service awards for Plaintiffs. You or your lawyer may ask to appear and speak at the hearing at your own expense, but you do not have to. The time, date, and venue of the Fairness Hearing may be continued from time to time without further notice and could be conducted remotely or in-person. You are advised to confirm the time and location on the Settlement Website.

For More Information, you can call toll-free 1-877-829-2941 (if calling from outside the United States or Canada, call 1-414-961-6592) or visit www.MGBAntitrustSettlement.com for more information.

**** Please do not call the Court or the Clerk of the Court for
information about the Settlement. ****

¹ The parties understand and agree that the entity described in this litigation as "Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo Financiero Banamex" refers to Banco Nacional de Mexico, S.A., integrante del Grupo Financiero Banamex.
² Deutsche Bank Mexico came under the ownership of Grupo Financiero Citi México, S.A. de C.V. and Citi GSCP Inc., both of which are indirect, wholly owned subsidiaries of Citigroup Inc. Deutsche Bank Mexico was renamed Banco Citi México, S.A. Institución de Banca Múltiple, Grupo Financiero Citi México, which is now an indirect, wholly owned subsidiary of Citigroup Inc.

SOURCE Lowey Dannenberg, P.C.