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VLF.US
id: 543

Vida Longevity Fund Settlement

D. Delaware
Court
1:21-cv-00402-SRF
Case number
01/01/2017
Class period Start
03/19/2021
Class period End
03/21/2023
Claim deadline

The Fund/Management Company agreed to pay up to $1.4 million to settle a securities class action lawsuit to avoid further litigation.

Case Type
US Securities Class Action
Case Status
Claim Submission Closed
Alleged Offence
Other
Suspected Party
Other
Security Type
Unit (ETF, ETN, Unit)
Trade Direction
Long
Plaintiffs
Timothy O’Hern, Semyon Rodkin, Dominic Cardinale
Attorneys
Rosca Scarlato, LLC
Administrator
Strategic Claims Services
Court hearing date
04/18/2023
Exclusion deadline
03/21/2023
Objection deadline
03/21/2023
Hearing deadline
03/21/2023
Trades matching type
FIFO

Frequently Asked Questions

Who is eligible for this settlement?

All persons and entities who, during the period from January 1, 2017 through March 19, 2021, inclusive, purchased or otherwise acquired VLF Interests, either directly, or indirectly through Life Assets Trust S.A. Compartments VII and/or VIII, pursuant to an offering of those partnership interests.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

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.

What is 11th Estate?

11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:

1. Prepare documents for your payout

2. Audit the claim and make sure you get the maximum possible payout

3. File a claim with the settlement administration

4. Correspond with the settlement administration to resolve emerging issues

5. Deliver payout directly to your brokerage account

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.