Court Preliminarily Approves $86.4 Million Mexican Government Bonds Settlement
KLF represents the Southeastern Pennsylvania Transportation Authority Pension Plan (“SEPTA”), one of the plaintiffs in In re Mexican Government Bonds Antitrust Litigation, a long-running antitrust action concerning alleged price-fixing in the market for Mexican government bonds.
On August 19, 2026, U.S. District Judge J. Paul Oetken of the Southern District of New York preliminarily approved an $86.4 million settlement with the remaining settling defendants. The settlement resolves claims against the Mexican affiliates of Bank of America, BBVA, Citigroup, Deutsche Bank, HSBC and Santander. The settling defendants do not admit wrongdoing.
The latest settlement follows $20.7 million in earlier settlements with affiliates of Barclays PLC and JPMorgan Chase & Co., approved in 2021. Together, the settlements represent more than $107 million in recoveries for the settlement class, before court-approved fees, expenses and other deductions.
“The Court’s preliminary approval is an important step toward securing a substantial recovery for SEPTA and the other members of the settlement class after years of litigation. We are pleased to have helped SEPTA pursue these claims and reach this significant milestone.”
— John Kehoe, KLF
In its Preliminary Approval Order, the Court found that the settlement was entered into at arm’s length by experienced counsel and was sufficiently within the range of reasonableness, fairness and adequacy to warrant notice to the settlement class. The Court scheduled a fairness hearing for December 3, 2026, at which it will consider final approval.
The case is In re Mexican Government Bonds Antitrust Litigation, Master Docket No. 18-cv-02830 (JPO), in the U.S. District Court for the Southern District of New York.
Investors with questions or concerns about the class action can send us a message or contact:
John Kehoe, Esq.
(215) 792-6676, Ext. 801
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
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