BMWYY.US
id: 1061
BMW USC $18M SEC Fair Fund
Late claims are being considered for compensation, subject to approval.
SEC
Court3-20060
Case number04/11/2016
Class period Start09/24/2020
Class period End05/10/2024
Claim deadlineBMW USC pays $18 million to investors in certain debt securities offered by BMW USC, through the SEC Fair Fund, to end claims over inflating its reported retail sales in the U.S.
Who is eligible to get a payout?
All persons who purchased or otherwise acquired certain BMW USC 144a Bonds over the period of time between April 11, 2016 and September 24, 2020.
Do you need to sell your securities to be eligible?
No, if you have purchased them within the class period, you are eligible to participate.
How long does the payout process take?
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Bonds
Trade Direction
Long
Filing date
09/13/2020
Administrator
KCC
Settlement agreement date
2023-11-22
Trades matching type
FIFO
+$18,000,000
Cash Settlement Amount