Welcome to the website for the Iowa Public Employees’ Retirement System v. Bank of America Corp. Litigation.
UPDATE: If you have submitted a claim form missing daily transactional data, you may be facing a new October 10, 2024 deadline. Please click here for details.
UPDATE: A new alternative low-data option for amending claim forms is now available. Please click here for details.
If you, directly or through an agent, entered into Stock Loan Transactions with Goldman Sachs, Morgan Stanley, JPMorgan, UBS, Credit Suisse, or Bank of America Merrill Lynch (collectively, “Prime Broker Defendants”), direct or indirect parents, subsidiaries, or divisions of the Prime Broker Defendants in the United States from January 7, 2009 through August 22, 2023, inclusive, you may be eligible to receive a payment from the settlements in this Action (combined, the “Settlements”).
The first settlement is with the “Credit Suisse Settling Defendants,” which are: Credit Suisse Group AG; Credit Suisse AG; Credit Suisse Securities (USA) LLC; Credit Suisse First Boston Next Fund, Inc.; and Credit Suisse Prime Securities Services (USA) LLC. This settlement agreement is referred to in this website as the “Credit Suisse Settlement Agreement.” The “Settlement Class Period” for the Credit Suisse Settlement Agreement is January 7, 2009 through January 20, 2022, inclusive.
The second settlement is with the “Newly Settling Defendants,” which are Goldman Sachs & Co. LLC and Goldman Sachs Execution & Clearing, L.P. (merged into Goldman Sachs & Co. LLC as of June 12, 2017) (collectively, the “Goldman Sachs Defendants”); J.P. Morgan Securities LLC; J.P. Morgan Prime, Inc.; J.P. Morgan Strategic Securities Lending Corp.; and JPMorgan Chase Bank, N.A. (collectively, the “JPMorgan Defendants”); Morgan Stanley; Morgan Stanley Capital Management, LLC; Morgan Stanley & Co. LLC; Morgan Stanley Distribution, Inc.; Prime Dealer Services Corp.; and Strategic Investments I, Inc. (collectively, the “Morgan Stanley Defendants”); UBS AG; UBS Americas Inc.; UBS Securities LLC; and UBS Financial Services Inc. (collectively, the “UBS Defendants”); and EquiLend LLC; EquiLend Europe Limited; and EquiLend Holdings LLC (collectively, the “EquiLend Defendants”). This settlement agreement is referred to in this website as the “New Settlement Agreement.” The “Settlement Class Period” for the New Settlement Agreement is January 7, 2009 through August 22, 2023, inclusive. Collectively, the Credit Suisse Settling Defendants and the Newly Settling Defendants are referred to on this website as the “Settling Defendants.”
Combined, the Settling Defendants have paid Settlement Funds totaling $580,008,750 ($81,000,000 for the Credit Suisse Settlement and $499,008,750 for the New Settlement). The action is Iowa Public Employees’ Retirement System, et al., v. Bank of America Corp. et al., Case No. 17-cv-6221 (KPF-SLC) (the “Action”).
On September 4, 2024, the Court approved the Settlements and Plans of Allocation, the attorneys’ fees, and the incentive awards in an oral order issued by the bench. Payments to Authorized Claimants will be made after the completion of all claims processing. Please be patient, as this process can take some time to complete.
PLEASE READ THIS WEBSITE AND THE NOTICE CAREFULLY. This website and the Notice explain important rights you may have, including the possible receipt of cash from the Settlements. If you are a member of the Settlement Class, your legal rights will be affected whether or not you act.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.