The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.
Court-appointed Lead Plaintiffs, the Arkansas Teacher Retirement System, Macomb County Employees Retirement System, and Laborers’ District Council and Contractors’ Pension Fund of Ohio, on behalf of themselves and the Class, have reached a settlement of the Action for $30,000,000 in cash that resolves all claims in the Action (the “Settlement”).
On September 20, 2017, the Court entered a Judgment approving the Settlement as fair, reasonable and adequate, and entered an order approving the Plan of Allocation for the proceeds of the Settlement.
The Class consists of:
all persons and entities who purchased or otherwise acquired DFC Global Corp. common stock during the period from January 28, 2011 through February 3, 2014, inclusive (the “Class Period”), and were damaged thereby, except for certain persons and entities who are excluded from the Class by definition (see paragraph 27 of the Notice).
Please read the Notice to fully understand your rights and options. A copy of the Notice can be found on the menu at the left of this page.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
The claims administration was completed in October 2018. On November 21, 2018, the Motion for Approval of Distribution Plan was filed. On November 27, 2018, the Court entered the Order Approving the Distribution Plan. The first distribution of the net settlement fund occurred in February 2019. The second distribution occurred in March 2022. The third distribution occurred in January 2024.