Welcome to the settlement website for the In re GFI Group Inc. Stockholder Litigation (the “Action”).
Plaintiffs Maurene L. Al Ammary and Robert Michocki, on behalf of themselves and the Class, have reached a settlement of the Action (the “Settlement”) that provides for a cash payment of $10,750,000 and various additional benefits for the benefit of the Class as described in the Notice.
On November 24, 2015 and February 26, 2016, hearings were held before the Court of Chancery of the State of Delaware (the “Court”) to consider final approval of the Settlement (as amended by the Amendment to the Stipulation and Agreement of Settlement dated December 9, 2015 (the “Amendment”)). On February 26, 2016, the Court entered the Final Order and Judgment Approving Class Action Settlement (the “Judgment”). The Judgment: (i) finally approved the Settlement, (ii) finally certified the Class for Settlement purposes only, (iii) finally approved the Plan of Allocation for the distribution of the Settlement proceeds; and (iv) awarded attorneys’ fees and litigation expenses to Plaintiffs’ Counsel in connection with the Settlement. A copy of the Judgment, the Amendment, and other relevant case documents are available on the Important Documents page.
Pursuant to the Court-approved Plan of Allocation, the Net Settlement Fund will be distributed to Authorized Class Members on a pro rata basis. “Authorized Class Members” are Class Members whose shares of GFI common stock (i) were tendered into and cash out in the BGCP Tender Offer (as defined in ¶ 11 of the Notice), or (ii) will be cashed out in the Back-End Mergers (as defined in ¶ 19(c) of the Notice).
Please note: Authorized Class Members do not need to submit a claim form or take any other action in order to receive a payment from the Settlement. See ¶¶ 25-28 of the Notice for further discussion. If you are not an Authorized Class Member you will not receive a payment from the Settlement, regardless of whether you received a copy of the Notice.