BMW USC $18M SEC Fair Fund

The settlement funds have been distributed to claimants.

$18,000,000

Cash Settlement

SEC

Court

3-20060

Case number

04/11/2016

Class period Start

09/24/2020

Class period End

05/10/2024

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 Type

SEC Fair Fund

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Bonds

Trade Direction

Long

Filing date

09/13/2020

Administrator

KCC

Settlement agreement date

2023-11-22

Trades matching type

FIFO

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