In re: Platinum and Palladium Commodities Litigation, 10-cv-3617 (S.D.N.Y.)
On March 11, 2019, the Honorable William H. Pauley III entered orders approving distribution of the net settlement funds to eligible claimants. The Settlement Administrator (AB Data, Ltd.) expects to commence distributions to eligible claimants by July 31, 2019. Eligible claimants with approved Net Artificiality Paid (“NAP”) will receive a payout of approximately 188% of their approved NAP amount. 90% of the net settlement proceeds have been allocated to pay NAP. Claimants should follow the Settlement website for further updates. http://platinumpalladiumfutureslitigation.com/. The settlements in the Futures Action resulted in a total recovery of approximately $71.6 million for the benefit of the Futures Class.
The Firm is sole Lead Counsel for the Futures Class. If you have questions, please contact Christopher M. McGrath, Esq. (CMcGrath@lshllp.com) or consult the Settlement website listed above.