Catalyst Securities Settlement

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Catalyst Securities Settlement
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The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here.  Since this website is just a summary, you should review the Notice for additional details.

If you are a Settlement Class Member, your legal rights will be affected by this Settlement whether you act or do not act.  Please read the Notice carefully.

If you purchased or otherwise acquired Class A, Class C, and/or Class I shares of the Catalyst Hedged Futures Strategy Fund (the “Fund”) during the period from November 1, 2014 through June 30, 2017, inclusive, you may be entitled to a payment from a class action settlement.

 

IMPORTANT DATES

AUGUST 17, 2020

Claim Filing Deadline.  The only way to be eligible to receive a payment from the Net Settlement Fund.  Claim Forms must be postmarked or received online no later than August 17, 2020 to be eligible for a payment from the Settlement.  To submit your Claim Form online please click here.

AUGUST 13, 2020

Exclusion Deadline.   If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Net Settlement Fund.  Any request for exclusion must be received no later than August 13, 2020 in accordance with the instructions in the Notice.  If you submit a valid exclusion request, you will not be legally bound by anything that happens in the Action, and you may be able to sue (or continue to sue) Defendants and the other Released Defendant Parties in the future.

AUGUST 13, 2020

Objection Deadline.  Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or Co-Lead Counsel’s Fee and Expense Application. If you object, you will still be a member of the Settlement Class.  Any objections must be received no later than August 13, 2020, in accordance with the instructions in the Notice.

SEPTEMBER 9, 2020

The Settlement Hearing.  The Court will hold the Settlement Hearing September 9, 2020 at 12:30 p.m., by telephone (see instructions above), to consider, among other things, whether: (i) the Settlement is fair, reasonable, adequate, and should be approved; (ii) the Plan of Allocation is fair and reasonable, and should be approved; and (iii) the application of Co-Lead Counsel for an award of attorneys’ fees and payment of litigation expenses, including awards to the Lead Plaintiffs, is reasonable and should be approved.

 

Please read the Notice carefully.  If you have questions, you may call the Catalyst Securities Settlement Help Line at (877) 236-1413 or email info@CatalystSecuritiesSettlement.com.

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