The information contained on this website is only a summary. You may download a copy of the Notice of Proposed Class Action Settlements, December 3, 2026 Fairness Hearing Thereon, and Class Members’ Rights (the “Notice”) by clicking here. and the Proof of Claim and Release (the “Claim Form”) by clicking here. Because this website is just a summary, you should review the Notice for additional details.

If you entered into a Mexican Government Bond Transaction from January 1, 2006 through and including April 19, 2017 (“ Class Period” ), your rights may be affected by pending class action settlements and you may be entitled to a portion of the settlement fund.

“Mexican Government Bond Transaction” means any purchase, sale, or exchange of Mexican Government Bonds, whether in the primary, secondary, or any other market. “Mexican Government Bonds” means any debt securities issued by the United Mexican States (“ Mexico” ), that are Mexican Peso-denominated, including, but not limited to, CETES, Bondes D, UDIBONOS, and BONOS.

This website has been created to alert you of proposed settlements totaling $86,400,000.00 reached with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (formerly known as Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México) (“Santander Mexico”); BBVA México, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA México (formerly known as BBVA Bancomer S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer) (“BBVA México”); Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo Financiero Banamex (“Citibanamex”); Deutsche Bank México, S.A., Institution de Banca Múltiple (“Deutsche Bank Mexico”); HSBC México, S.A., Institución De Banca Múltiple, Grupo Financiero HSBC (“HSBC Mexico”); and Bank of America México, S.A., Institución de Banca Múltiple (“Bank of America Mexico”).

The court has approved the Order approving distribution of the Net Settlement Funds on April 16, 2026 regarding the settlements totaling $20,700,000.00 reached with Barclays PLC, Barclays Bank PLC, Barclays Capital Inc., Barclays Capital Securities Limited, Barclays Bank México, S.A., Institución de Banca Múltiple, Grupo Financiero Barclays México, and Grupo Financiero Barclays México, S.A. de C.V. (collectively “ Barclays” ) and JPMorgan Chase & Co., J.P. Morgan Broker-Dealer Holdings Inc., J.P. Morgan Securities LLC, JPMorgan Chase Bank, National Association, Banco J.P. Morgan, S.A. Institución de Banca Múltiple, J.P. Morgan Grupo Financiero, and J.P. Morgan Securities plc.

Checks were mailed May 22, 2026.

What is this case about?
Plaintiffs allege that each Defendant, from January 1, 2006, through April 19, 2017, inclusive, conspired to fix the prices for Mexican Government Bonds issued by the Mexican government through the Bank of Mexico (“Banxico”). Plaintiffs allege that each Defendant transacted in price-fixed MGBs at artificial prices with market participants like Plaintiffs and the Class. Plaintiffs’ lawsuit contends that Defendants fixed MGB prices through several interrelated means.

First, Plaintiffs claim that Defendants’ conspiracy caused Plaintiffs and the Class to pay higher prices for newly issued MGBs sold into the secondary market than they otherwise would have.

Second, Plaintiffs claim that the result of Defendants’ alleged conspiracy was that investors were underpaid by Defendants’ suppression of the “bid price,” the price at which Defendants offered to buy MGBs from investors and overcharged by Defendants’ inflation of the “ask price,” the price at which Defendants offered to sell MGBs to investors.

Plaintiffs and Plaintiffs’ Lead Counsel believe that Settlement Class Members have been damaged by Defendants’ alleged conduct. Settling Defendants do not agree with the allegations made by Plaintiffs, believe that they have meritorious defenses to Plaintiffs’ allegations, and believe that Plaintiffs’ claims would have been rejected prior to trial, at trial (had Plaintiffs successfully certified a class and survived summary judgment motions), or on appeal. As a result, Settling Defendants believe Settlement Class Members would have received nothing if the litigation had continued to trial.

The Court has not decided in favor of Plaintiffs or the Settling Defendants. Instead, Plaintiffs’ Lead Counsel engaged in negotiations with Settling Defendants to reach a negotiated resolution of the claims against Settling Defendants in this Action. The Settlement allows Plaintiffs and Settling Defendants to avoid the risks and costs of lengthy litigation and the uncertainty of pre-trial proceedings, a trial, and appeals. If approved, the Settlement would permit eligible Settling Class Members, who file timely and valid Claim Forms, to receive some compensation, rather than risk ultimately receiving nothing. Plaintiffs and Plaintiffs’ Lead Counsel believe the Settlement is in the best interest of all Settlement Class Members.

If the Settlement is approved, the Action will conclude. If the Settlement is not approved, Settling Defendants will remain as defendants in the Action, and Plaintiffs will continue to pursue their claims against Settling Defendants.

The Settlement Class:
In the Preliminary Approval Order, the Court preliminarily approved the following Settlement Class, defined as:

All Persons that entered into a Mexican Government Bond Transaction with a Defendant or an affiliate of a Defendant between at least January 1, 2006, and April 19, 2017, where such persons were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted in the United States or its territories. Excluded from the Class are Defendants and their employees, agents, affiliates, parents, subsidiaries and co-conspirators, whether or not named in the Complaint in this Action, and the United States and Mexican governments; provided, however, that Investment Vehicles shall not be excluded from the definition of “Class” or “Settlement Class” solely on the basis of being deemed to be Defendants or affiliates or subsidiaries of Defendants.

The Settlements Size and Benefits:
On behalf of the Settlement Class, Plaintiffs entered into the Settlement Agreement with Settling Defendants on August 12, 2026.

To resolve all Released Claims against all Released Parties, Settling Defendants have agreed to pay a total of $86.4 million dollars.

The Settlement Agreement does not provide Settling Defendants with a right of reversion. That is, no matter how many Class Members fail to file a Claim Form or choose to opt-out, if the Settlement is not terminated and is finally approved by the Court, none of the Settlement monies will revert to the Settling Defendants. This is not a claims-made settlement; there will be no reversion.

Section 20 of the Settlement Agreement describes Settling Defendants’ right to terminate the Settlement if certain events occur. With respect to each such event, Settling Defendants have the right (as qualified in the Settlement Agreement), but not the obligation, to determine to exercise, in its sole discretion, its right to terminate if the event occurs.

IF YOU TIMELY SUBMITTED A VALID CLAIM FORM PURSUANT TO THE APRIL 21, 2021 NOTICE RELATED TO THE $20.7 MILLION IN SETTLEMENTS WITH BARCLAYS AND JPMORGAN, YOU DO NOT HAVE TO SUBMIT A NEW CLAIM FORM TO PARTICIPATE IN THIS SETTLEMENT. If you did not submit a timely Claim Form, to participate in and receive your share of the Net Settlement Fund, you must submit a valid and timely Claim Form demonstrating that you are an Authorized Claimant as set forth in the Settlement Agreement.

This Distribution Plan is available here.

Your Rights as a Class Member
If you fit the description of a Class Member, you have a choice whether to remain a member of the Settlement Class in this Action.

More information regarding your rights as a Class Member in the Action is contained in the Notice and the Settlement Agreements. You may download a copy of the Notice by clicking here. You may download a copy of the Settlement Agreement by clicking here.

The Claim Form may be completed online by clicking here [live link to claim filing pages] or downloaded by clicking Proof of Claim and Release [live link to .pdf document]. General Instructions and more information regarding the claim process are contained in the Claim Form.