Gain Capital $55 Million Stockholder Litigation Settlement

If you were a stockholder of Gain Capital Holdings, Inc. as of July 31, 2020, you may be eligible to claim a portion of a class action settlement.

Gain Capital Holdings, Inc. has agreed to pay $55,000,000 to settle a class action lawsuit for alleged breaches of fiduciary duty and aiding and abetting breaches of fiduciary duty.

Who Are the Class Members?

Class members include all record holders and beneficial owners of Gain Capital Holdings, Inc. common stock as of July 31, 2020.

This encompasses:

• Individuals who held shares at the time of the merger.
• Their heirs, assigns, transferees, and successors-in-interest.

The class is a non-opt-out class, meaning members cannot exclude themselves from the settlement.

How Much Can Class Members Get?

The settlement fund is divided into two allocations:

• Appraisal Claims Allocation: $30,898,720 will be distributed to dissenters based on their shares. Before fees, the expected distribution is $8.66 per share.
• Class Claims Allocation: $24,101,280 will be distributed to all class members, including dissenters, at an expected $1.15 per share before fees.

For example, if a class member held 1,000 shares, they might expect to receive $1,150 from the Class Claims Allocation, subject to deductions for fees and expenses.

Class members do not need to file a claim to receive compensation. Payments will be made automatically to the accounts where the merger consideration was initially deposited.

Payment Methods

• Payments will be deposited directly into brokerage accounts where the merger consideration was received.

$55 Million settlement fund

The settlement fund of $55,000,000 will cover:

• $30,898,720 for Appraisal Claims Allocation
• $24,101,280 for Class Claims Allocation
• Attorneys' fees and expenses

Important Dates

• Fairness Hearing: December 3, 2024

When Is the Gain Capital Holdings Stockholder Litigation Payout Date?

The court will hold a Fairness Hearing on December 3, 2024, to decide whether to approve the settlement. If approved, payments will be distributed to class members after any appeals are resolved.

Why Is There a Class Action Settlement?

The lawsuit was filed due to alleged breaches of fiduciary duty and aiding and abetting breaches by Gain Capital Holdings, Inc. and its executives. The settlement allows the company to avoid the uncertainty and expense of further litigation.