$12M Citigroup HSBC RBC Morgan Stanley Investment Bonds Settlement
By Steve Levine
Published: September 24, 2025
Claim Form Deadline: December 23, 2025
Payout: Pro rata based on eligible transactions
Proof required: Yes
What is the Gilt Bond Antitrust Settlement?
You may be part of a $12,000,000 class action settlement with some of the largest banks in the United States and United Kingdom, including Citigroup, HSBC, RBC, and Morgan Stanley over allegations that they conspired to manipulate prices of British pound sterling denominated UK government bonds known as gilt bonds between 2009 and 2013. The banks deny wrongdoing but agreed to settle to avoid further litigation. Cash payments will be distributed to eligible claimants.What is the Total Settlement Amount?
The common fund is estimated to be $12,000,000. Approved claims will be paid pro rata after taxes, notice and administration costs, any court-awarded litigation expenses, and other court-approved costs.How Do I Qualify For a Payout?
You may qualify if you entered into Gilt Bond Transactions in the United States directly with any Settling Defendant or their affiliates from January 1, 2009 through December 31, 2013. Covered instruments include Gilts, UK Treasury bills, UK Treasury strips and coupons, UK inflation-linked gilts, gilt futures, gilt options on futures, gilt OTC options, and gilt asset swaps.How Much Can I Get Paid?
Payments are pro rated and will likely depend on the number of valid claims and your eligible transaction size and characteristics. Longer-duration bonds receive higher weighting in the distribution formula.How Do I File a Claim?
Submit a claim online at GiltBondSettlement.com by 11:59 p.m. ET on the deadline, or mail a completed paper claim to the administrator so it is received by the final claim form deadline.What is the Claim Form Deadline?
December 23, 2025.What are the Important Dates?
Exclude yourself or object by: December 23, 2025
Fairness Hearing: January 22, 2026 at 2:30 p.m. ET
Claim Deadline: December 23, 2025
When is the Class Action Settlement Payment Date?
Payments will be distributed after the Court grants final approval and any appeals are resolved.Is Proof Required to File a Claim?
Yes. You must provide your tax ID and transaction documentation for each eligible trade, such as instrument traded, ISIN or CUSIP, trade date, maturity, transaction type, counterparty name, and amounts. Keep all supporting records in case additional verification is requested.What is a Gilt Bond?
A gilt is a UK government security similar to a U.S. Treasury. Gilts are denominated in British pounds and are often identified by UK security names and ISINs beginning with GB.Do Americans Trade in Gilt Bonds?
Yes. U.S. institutions, and therefore consumers that may own parts of investments do, such as pension funds, hedge funds, and banks commonly trade gilts and related investment veihicles.Most retail investors hold gilts indirectly through international bond funds or ETFs, which generally may not qualify. Please check the official class action settlement website FAQ and documents (sourced below) to learn whether or not you qualify.
Where Can I Find My Gilt Bond Transactions?
Check trade confirmations, brokerage statements, and counterparty records from 2009 to 2013. Eligible trades typically show an instrument name containing UK Treasury or Gilt, a GB ISIN prefix, and a direct counterparty such as Citigroup, HSBC, RBC, or Morgan Stanley.Case Information
Class Action Case Name: Oklahoma Firefighters Pension & Retirement System v. Deutsche Bank AG, et al., No. 1:23-cv-05095 (S.D.N.Y.)
Settlement Administrator: A.B. Data info@GiltBondSettlement.com
Settlement Website: GiltBondSettlement.com
Mailing Address: Gilt Bond Antitrust Settlement, c/o A.B. Data Ltd., P.O. Box 173042, Milwaukee, WI 53217
How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Official Long-Form Notice (PDF)
Claim Form Website: GiltBondSettlement.com
Submit Claim
Sources
• Official Settlement Website• Class Notice (PDF)
• Settlement Agreement
Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. If you are not sure whether you qualify, visit the class action administrator's website. OpenClassActions.com is a consumer advocacy and class action news site, and is not a class action administrator or a law firm.
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Submit Claim| Gilt Bond Antitrust Settlement Summary | |
| Settlement Status | Open for Claims |
|---|---|
| Claim Deadline | December 23, 2025 |
| Exclude or Object By | December 23, 2025 |
| Settlement Fairness Hearing | January 22, 2026 |
| Benefits | Pro rata cash from $12,000,000 fund. Weighting by instrument type and duration. |
| Website | Settlement Site |
| Claims Administrator | A.B. Data, Ltd. |