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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.

FAQ

The Class certified by the Court is defined as:

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).

If you are still not sure if you are included, you may contact the Notice Administrator for more information. If you have reason to believe that you are a member of the Class and wish to remain a member of the Class, you do not need to do anything at this time.

No money or benefits are available now, as the case is ongoing. There is no guarantee that money or benefits will be obtained. If they are, you will be notified on how to proceed.

You do not need to hire your own lawyer. The Court appointed Lovell Stewart Halebian Jacobson LLP, 500 Fifth Avenue, Suite 2440, New York, New York 10110, and Miller Law LLC, 53 W. Jackson Blvd., Suite 1320, Chicago, Illinois 60604, as “Class Counsel” to represent the Class. To participate in this case as a member of the Class, you do not have to pay Class Counsel or anyone else. Instead, if Class Counsel recovers money or benefits for the Class, they will ask the Court for an award of attorneys’ fees and costs to be paid from any recovery whether by judgment award or settlement fund. You may hire your own lawyer to appear in court for you, but if you do, you are responsible for paying that lawyer.

If you have questions related to this lawsuit and/or your rights, you may contact the Class Action Help Line at 866-302-9150. You may also contact Class Counsel with any questions.