ATTENTION ALL SETTLEMENT CLASS MEMBERS - IMPORTANT UPDATE REGARDING THE SETTLEMENT HEARING 

ANNOUNCEMENT: The Settlement Hearing took place on February 17, 2022. The Settlement, Plan of Allocation and Award of Attorney Fees have been approved. Please refer to the Order and Final Judgment Approving Settlement, and the Notice of Motion and (I) Lead Plaintiff’s Motion for Final Approval of Class Action Settlement, Plan of Allocation and Certification of Settlement Class and (II) Lead Counsel’s Motion for an Award of Attorneys’ Fees and Expenses and Reimbursement Award to Lead Plaintiff, for additional information.

The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Approved Settlement; (II) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses; and (III) Settlement Fairness Hearing. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

In this securities class action, the Court-appointed Lead Plaintiff alleges that the Defendants made false and misleading statements to investors during the Class Period.  Specifically, Lead Plaintiff alleges that Defendants made false and misleading statements in violation of the Securities Exchange Act of 1934 regarding (i) the existence and scope of a bribery scheme involving the National Training Center and certain members of the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America; and (ii) the effects the scheme had on the 2015 Collective Bargaining Agreement an FCA affiliate, FCA US LLC, negotiated with the UAW.

Lead Plaintiffs, on behalf of themselves and the Settlement Class, reached an approved settlement of the Action with Defendants. In exchange for the Settlement and release of the Released Plaintiffs’ Claims, FCA agreed to create a $5,000,000 cash fund, which may accrue interest, to be distributed, after deduction of Court-awarded attorneys’ fees and litigation expenses, Notice and Administration expenses, Taxes, and any other fees or expenses approved by the Court, among all Settlement Class Members who submitted valid Claim Forms and are found to be eligible to receive a distribution from the Net Settlement Fund. If approved, will resolve all claims in the Action.

If you are a Settlement Class Member, your rights will be affected, and you may have been eligible for a payment from the Settlement. 

The Settlement Class consists of:

all persons and entities who purchased or otherwise acquired, on a U.S. Exchange or in a transaction in the United States, FCA and/or STLA common stock between February 26, 2016 and January 27, 2021, both dates inclusive.

Also excluded from the Settlement Class are any persons and entities who or which exclude themselves by submitting a request for exclusion that is accepted by the Court.  See “How do I exclude myself from the Settlement Class,” described in Question 11 in the Notice.

Please read the Notice to fully to understand your rights and options.

If you are a Settlement Class Member, in order have to been potentially eligible to receive a payment from the Settlement, you must have submitted a Claim Form with adequate supporting documentation postmarked (if mailed), or online, by no later than February 13, 2022.

Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

More detailed information about the Action and the Settlement is contained in the Notice. If you have questions, you may contact the Claims Administrator by calling toll-free 1-833-916-3600; emailing Info@PanitzaFiatChryslerSecLitigation.com; or mailing a letter to:

Panitza Fiat Chrysler Securities Litigation
c/o JND Legal Administration
P.O. Box 91396
Seattle, WA 98111

Inquiries should NOT be directed to the Court, the Clerk of the Court, Defendants, or their counsel.