In re: Platinum and Palladium Commodities Litigation, 10-cv-3617 (S.D.N.Y.)
On June 24, 2016, Lead Counsel filed a status report with the Court concerning the progress of distribution of the net settlement funds to eligible members of the Futures Class. The status report has been posted on the official settlement website at http://platinumpalladiumfutureslitigation.com. As detailed in the status report, and based on current preliminary estimates, eligible class members may be paid 91 cents on the dollar for claims related to the “net artificiality paid” methodology set forth in the Plan of Allocation. Status Report, pp. 1-2, 6-7. Eligible class members may be paid 1 cent on the dollar for claims related to the “net loss” portion of the Plan of Allocation, again, based on current preliminary estimates. Id. The Firm is Lead Counsel for the Futures Class. Please check this website and the settlement website for updates regarding the settlements. Contact Christopher M. McGrath, Esq. (CMcGrath@lshllp.com).