Claims submitted in the Initial Settlements will automatically be considered for recovery in the Subsequent Settlements. However, if no claim was submitted in the Initial Settlements, and you do nothing in response to this Notice, you will both forfeit your right to receive a monetary benefit from the Subsequent Settlements and give up your right to assert claims released by these Settlements against the Settling Defendants about the U.S. Dollar LIBOR manipulation claims at issue in the Bondholder Action.
The Subsequent Settlements, if each is approved, will, as detailed below, create an aggregate Settlement Fund of $1.749 million that will be used to pay members of the Settlement Classes who submit valid and timely claims and are determined to have suffered a recoverable injury under the Settlements (“Eligible Members of the Settlement Classes”).