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BMWYY.US
id: 1061

BMW USC $18M SEC Fair Fund

SEC
Court
3-20060
Case number
11 Apr 2016
Class period Start
24 Sept 2020
Class period End
10 May 2024
Claim deadline
BMW 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
13 September 2020
Administrator
KCC
Settlement agreement date
2023-11-22
Trades matching type
FIFO
+$18,000,000
Cash Settlement Amount

Bayerische Motoren Werke AG ADR

Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, engages in the development, manufacture, and sale of automobiles and motorcycles, and spare parts and accessories worldw...

    Ticker
    BMWYY.US
    ISIN
    US0727433056
    Sector
    Consumer Cyclical
    Industry
    Auto Manufacturers
    Country
    USA
    Address
    Petuelring 130, Munich, Germany, 80809