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id: 537, Created by Stan Vick Chase, Scout
Allianz Global Investors U.S. Investors $145M Settlement
01 January 2015Class period Start
31 December 2020Class period End
08 May 2023Claim deadline
Allianz Global Investors U.S. LLC agreed to pay up to $145 million to settle a lawsuit to avoid further litigation.
For question please contact George Scott - [email protected]
The Complaint alleged that Allianz committed securities fraud from 2015 through 2020 through a scheme to defraud prospective and current Mutual Fund investors by making false and misleading statements that substantially understated the risks being taken by the Mutual Funds.
If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded.
The Settlement Class consists of:
Any Person who or which purchased or otherwise acquired an interest in the shares of any Mutual Fund pursuant or traceable to, or whose investments were otherwise solicited through, the Offering Communications, and who or which
(i) purchased those shares prior to February 24, 2020, and sold those shares on or after February 24, 2020, and prior to the respective Mutual Fund’s liquidation date;
(ii) purchased those shares prior to February 24, 2020, and held those shares through the liquidation of the respective Mutual Fund;
(iii) purchased those shares on or after February 24, 2020, and sold those shares prior to the respective Mutual Fund’s liquidation date; or
(iv) purchased those shares on or after February 24, 2020, and held those shares through the liquidation of the respective Mutual Fund, and, in each case, was damaged thereby.
Unit (ETF, ETN, Unit)
24 May 2022
Emily E. Cole
Arias Sanguinetti Wang & Torrijos, LLP (Los Angeles, CA), Selendy Gay Elsberg PLLC (New York, NY), Silver Golub & Teitell LLP (Stamford, CT)
Donald C. Burke, Sarah E. Cogan, Deborah A. DeCotis, F. Ford Drummond, Sidney E. Harris, John R. Mallin, Connie D. McDaniel, Philip McLoughlin, Geraldine M. McNamara, R. Keith Walton, Brian T. Zino, George R. Aylward
Southern District of California
Hon. Michael M. Anello
A.B. Data Ltd
Court hearing date
09 March 2023
16 February 2023
16 February 2023
+$145,000,000Total Settlement Amount