In re: Optiver Commodities Litigation, Case No. 1:08-cv-06842 (LAP) (S.D.N.Y.)

June 28, 2020

In this action alleging Trading At Settlement (“TAS”) manipulation by Defendants of NYMEX Crude Oil and other energy futures contract prices, the Honorable Loretta A. Preska entered an order on June 28, 2020 approving distribution of the net settlement fund to eligible claimants.  The Settlement Administrator (AB Data, Ltd.) expects to commence distributions to eligible claimants during September 2020.  Eligible claimants are expected to receive a payout of approximately 74.38% of their estimated damages.  Claimants should follow the Settlement website for further updates.  The Firm served as co-lead counsel for a Class of traders who were injured by the TAS manipulations. If you have questions, please contact Ian T. Stoll ( or Christopher M. McGrath ( or consult the Settlement website listed above.