6/12/2020 UPDATE:

On June 9^th, the Court entered a Final Judgment approving the Settlement. You can Review the Final Judgment by clicking on the Court Documents Link.

 As stated in the Notice sent to you in this case, a case has been filed by LJM Partners seeking damages the partnership suffered related to alleged manipulation of the VIX (LJM Partners, Ltd. V. John Does, Case No. 19-cv-368 (N.D. III.)) (“VIX Manipulation Case”).  As part of the Settlement, if LJM Partners recovered monies in the VIX Manipulation Case, 20% of the net amount Anthony Caine receives will be transferred to Class Counsel for distribution to the Settlement Class in this case.  It may take years before the VIX Manipulation case is resolved.  Therefore it is imperative that all Settlement Class Members keep their contact information current with the Settlement Administrator, and that you retain all records of your ownership of, and transactions in, the Funds at issue in this Case.  Address updates can be sent to the Settlement Administrator at info@ljmpartnersstatelitigation.com.

The information contained on this web page is only a summary of information presented in more detail in the Notice of 

(I) Proposed Class Action Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Litigation 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.

The Notice describes important rights you may have and what steps you must take if you wish to participate in the Settlement or wish to be excluded from the Settlement Class.

The Settlement, if approved by the Court, provides a substantial prospective benefit to the Settlement Class, namely the assignment of twenty percent (20%) of Defendant Anthony Caine’s potential recovery in a current lawsuit brought by Defendant LJM Partners, Ltd. against certain entities alleging the manipulation of the VIX. The VIX case is called: LJM Partners, Ltd. v. John Does, Case No. 19-cv-368 (N.D. Ill.), and is currently pending in federal court (“VIX Manipulation Lawsuit”).1 Mr. Caine suffered losses of over one hundred million dollars ($100,000,000.00), which he seeks to recover in the VIX Manipulation Lawsuit, but note that there is no guarantee that LJM Partners, Ltd. will be successful in the VIX Manipulation Lawsuit.

    The Settlement resolves claims by Plaintiffs Donna Lundgren-Wiedinmyer, David and Marla Melcher, Mark Haldeman, Nina Merzbach, Ryan Ramey, Stephen Cieciuch, Tony Fiest, and Barney C. Guttman in a class action against LJM Partners, Ltd. (“LJM”), Anthony Caine (“Caine”), Kathryn McBride, Anish Parvataneni, Arjuna Ariathurai, Lauren C. Savino, Pacific Futures and Capital, LLC, J. Scott Sykora, James E. Dickinson, Bryan Thurston, and Chun Liu (“LJM Defendants”), wherein Plaintiffs alleged breaches of fiduciary duty, contract, and implied covenant of good faith and fair dealing against the LJM Defendants. There is no guarantee that any additional money will be recovered. The LJM Defendants deny any wrongdoing in this lawsuit. The Court did not decide in favor of either the Plaintiffs or the LJM Defendants.

This Notice describes important rights you may have if you are a member of the Settlement Class and what steps you must take if you wish to participate in the Settlement, wish to object, or wish to be excluded from the Settlement Class.   

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 this Notice carefully.

The Settlement Class consists of: 

All persons and entities who, as of February 6, 2018, held a Limited Partnership Interest in: (i) the LJM Preservation and Growth Fund, L.P.; (ii) the Asset Class I Series of LJM Fund, L.P.; or (iii) the PFC-LJM Fund, L.P.

Excluded from the Settlement Class are: All of the LJM Defendants, their respective successors, assigns, parents, and subsidiaries, the past and current executive officers and directors of the corporate defendants, and the legal representatives, spouses, heirs, successors, or assigns of the individual defendants, as well as any entity in which any of the foregoing excluded persons have or had a majority ownership interest.

Please read the Notice  to fully understand your rights and options. Copies of the Notice  can be found in the menu on the left of this page.

If there is any recovery in the future by virtue of the Assignment from the VIX Manipulation Lawsuit, Class Counsel will send a Claim Form to all Settlement Class Members that have not excluded themselves at their last known address.