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May 2020 WTI Futures Class Action

1-866-302-9150

This official website is maintained by the Notice Administrator retained and supervised by Class Counsel for the members of the Class in the action entitled Mish International Monetary Inc. v. Vega Capital London, Ltd. Et al, Case No. 1:20-cv-04577 pending in the United States District Court for the Northern District of Illinois Eastern Division.

Mish International Monetary, Inc. v. Vega Capital London, Ltd.

To: All persons and entities that sold a May 2020 light sweet crude oil (WTI) futures contract (“May contract”) traded on the New York Mercantile Exchange between 9:00 a.m. CDT and 1:30 p.m. CDT (inclusive) on April 20, 2020 (including by trade at settlement (“TAS”)), to liquidate a long position in the May contract.

Excluded from the Class are Defendants, their officers, directors, management, employees, subsidiaries, or affiliates and federal governmental entities. Also excluded from the Class is any person or entity that (1) sold (on net) ten or more May contracts between 12:30 p.m. CDT and 1:30 p.m. CDT (inclusive) on April 20, 2020, and (2) purchased (on net) ten or more May contracts by TAS that executed at the May contract settlement price on April 20, 2020 (plus or minus any TAS premium or discount).

The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action (the “Notice”), which you can access by clicking here.  Since this website is just a summary, you should review the Notice for additional details.

If you sold a May contract traded on the New York Mercantile Exchange (“NYMEX”) between 9:00 a.m. CDT and 1:30 p.m. CDT (inclusive) on April 20, 2020, including by trade at settlement (“TAS”), please review the notice carefully.

You could be affected by a class action lawsuit concerning claims against Vega Capital London Ltd., Adrian Spires, Paul Commins, George Commins, Christopher Roase, Elliot Pickering, Aristos Demetriou, Connor Younger, James Biagioni, Henry Lunn, Paul Sutton, and Matthew Rhys Thompson (collectively, the “Defendants”) alleging manipulation of the prices of the May contract on the NYMEX between 9:00 a.m. and 1:30 p.m. CDT (inclusive) on April 20, 2020.

YOUR LEGAL RIGHTS AND OPTIONS IN THESE SETTLEMENTS
Description Due Date

DO NOTHING

If you do nothing you will remain in the Class. The case is ongoing.


You will give up the right to file (or continue) your own lawsuit or seek any other form or resolution of claims you might have against the Defendants concerning the claims in this lawsuit, and you will be legally bound by all court orders, judgments, or settlements approved by the Court.

OPT OUT OF THE CLASS ACTION

If you wish to opt out of this class action, you must submit a completed Opt Out form by July 30, 2026.


You will not be bound by any court orders, judgments, jury verdicts, or settlements approved by the Court, but you keep your right to sue or otherwise resolve your potential claims against the Defendants on your own. If you opt out, you cannot make a claim against any money or benefits that might be recovered by the Class as a result of a judgment or settlement in this case, if any. See page 5 of the Notice.
If you have questions, you may call the Class Action Help Line at 866-302-9150, or email info@may2020wti-futuresclassaction.com