Mexican Government Bonds Antitrust Litigation: $86.4M Settlement

Aug 31, 2026 | News

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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    UPS Unpaid Wages for Security Screenings

    Aug 31, 2026 | Investigations

    UPS Unpaid Wages for Security Screenings

    A proposed wage-and-hour class action alleges that United Parcel Service, Inc. (UPS) failed to pay hourly, non-exempt employees in Connecticut for time spent completing mandatory pre-shift and post-shift security screenings and related walking time.

    The UPS unpaid wages class action highlights an important wage-and-hour issue for employees: time an employer requires employees to spend on its premises before clocking in or after clocking out may be compensable under applicable wage laws.

    If you are an hourly worker who is required to complete unpaid security screenings, wait in line, walk to or from a time clock, or perform other required activities off the clock, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

    What Does the UPS Unpaid Wages Class Action Allege?

    The complaint, filed on August 27, 2026 in the U.S. District Court for the District of Connecticut, alleges that UPS maintained a policy requiring hourly, non-exempt employees at Connecticut facilities to complete mandatory security screenings without pay.

    According to the complaint, UPS employees allegedly were required to:

    • Arrive before their scheduled shifts and complete an entrance security screening before they were permitted to clock in;
    • Wait in line, submit bags for inspection, remove metal objects, pass through a metal detector, and, when required, undergo an additional security search;
    • Walk from the security screening station to the time clock before clocking in;
    • Clock out at the end of their shifts, walk to the screening station, and complete a mandatory exit screening before leaving the facility; and
    • Perform this pre-shift and post-shift activity without being paid for the time.

    The complaint alleges that employees generally spent approximately 5 to 10 minutes waiting for and completing pre-shift screenings and approximately 7 to 15 minutes waiting for and completing post-shift screenings, in addition to time spent walking between the screening stations and time clocks and logging into the timekeeping system.

    Why Mandatory Security Screening Time May Matter to Workers

    The lawsuit is based on Connecticut wage law. The complaint cites the Connecticut Supreme Court’s 2026 decision in Del Rio v. Amazon.com Services, which held that time an employer requires employees to spend undergoing mandatory security screenings on the employer’s premises is compensable as “hours worked” under Connecticut law.

    The complaint alleges that the unpaid screening and related walking time resulted in employees not being paid for all hours worked. For employees whose total work time exceeded 40 hours in a workweek after including the allegedly unpaid time, the complaint also seeks unpaid overtime.

    Which UPS Workers May Be Affected?

    The complaint seeks to represent current and former hourly paid UPS employees who underwent security screenings in Connecticut. It proposes two classes with different time periods:

    • Statutory Class: current and former hourly paid UPS employees who underwent a security screening during at least one week in Connecticut in the two-year period before the complaint was filed through final resolution of the action.
    • Common Law Class: current and former hourly paid UPS employees who underwent a security screening and worked fewer than 40 hours in at least one week in Connecticut in the six-year period before the complaint was filed through final resolution of the action.

    Review the UPS Unpaid Wages Class Action Complaint

    UPS Workers: Contact Kehoe Law Firm

    If you worked for UPS in Connecticut and were required to complete security screenings or other required activities before clocking in or after clocking out without pay, send us a message to discuss your legal rights.

    For a free, no-obligation legal evaluation, contact:

    Michael Yarnoff, Esq., (215) 792-6676, Ext. 804
    [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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    Kehoe Law Firm, P.C.
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    Philadelphia, PA 19103

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    Tel: 215-792-6676

    EMAIL

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    XTI Aerospace Securities Class Action – XTIA

    Aug 31, 2026 | Investigations

    A securities class action has been filed against XTI Aerospace, Inc. (“XTI Aerospace” or the “Company”) (NASDAQ: XTIA) and certain of its officers on behalf of investors who purchased or otherwise acquired XTI Aerospace securities between April 15, 2026 and August 17, 2026, inclusive (the “Class Period”).

    The action, Noalan v. XTI Aerospace, Inc. et al., Case No. 1:26-cv-07378, was filed on August 28, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

    If you acquired XTI Aerospace securities during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

    What Does the XTI Aerospace Securities Class Action Allege?

    The complaint focuses on XTI Aerospace’s April 15 and May 14, 2026 public statements and SEC filings, including its Form 10-K and Form 10-Q. Among other things, those filings stated that the Company’s disclosure controls and procedures were effective. The complaint alleges that these and other positive statements were materially false and/or misleading because defendants failed to disclose material adverse information to investors, including that:

    • Senior executives had engaged in certain undisclosed activities;
    • Those activities required Board review;
    • There was reason to doubt the effectiveness of the Company’s disclosure controls and procedures;
    • As a result, the Company would be unable to timely file its earnings reports; and
    • As a result of the foregoing, defendants’ positive statements about XTI Aerospace’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

    The Internal Review and Form 10-Q Delay

    According to the complaint, on August 17, 2026, after the market closed, XTI Aerospace disclosed that it was unable to timely file its Form 10-Q for the quarter ended June 30, 2026 because it was completing an internal review of its former Chief Executive Officer, who resigned that day, and other related corporate governance matters.

    The Company stated that the review was being conducted entirely by a committee of independent directors represented by independent counsel, that a timeline for completion had not yet been determined, and that it was evaluating the implications of the review for disclosures, certifications, controls, and governance matters. XTI Aerospace also stated that at that time, it did not believe the matters under review would affect previously issued financial statements.

    The complaint alleges that, on this news, XTI Aerospace’s stock price fell $0.25 per share, or 15.9%, to close at $1.32 per share on August 18, 2026, on unusually heavy trading volume.

    Review the XTI Aerospace Securities Class Action Complaint

    XTI Aerospace Investors: Contact Kehoe Law Firm

    Investors who purchased or otherwise acquired XTI Aerospace securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

    For a free, no-obligation legal evaluation, contact:

    Michael Yarnoff, Esq.
    (215) 792-6676, Ext. 804
    [email protected]
    [email protected]

    Lead Plaintiff Deadline: October 27, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 27, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

     

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      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.

      SEND US A MESSAGE

      Contact Us

      ADDRESS

      Kehoe Law Firm, P.C.
      2001 Market Street
      Suite 2500
      Philadelphia, PA 19103

      PHONE

      Tel: 215-792-6676

      EMAIL

      [email protected]

      Hyliion Securities Class Action – HYLN

      Aug 30, 2026 | Investigations

      A securities class action has been filed against Hyliion Holdings Corp. (“Hyliion” or the “Company”) (NYSE American: HYLN) and certain of its officers on behalf of investors who purchased or otherwise acquired Hyliion common stock between May 12, 2026 and June 23, 2026, inclusive (the “Class Period”).

      The action, Olmeta v. Hyliion Holdings Corp. et al., Case No. 1:26-cv-02375, was filed on August 28, 2026 in the U.S. District Court for the Western District of Texas. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

      If you acquired Hyliion common stock during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

      What Does the Hyliion Securities Class Action Allege?

      The complaint concerns Hyliion’s statements about its commercial pipeline and a non-binding letter of intent with VFG Holdings, LLC (“VFG”) involving the potential deployment of up to 250 KARNO Cores over five years.

      The complaint alleges that defendants made materially false and/or misleading statements and omitted material information concerning the credibility and commercial viability of the VFG partnership, including the basis for management’s confidence in VFG and the extent of Hyliion’s evaluation of VFG’s operational capabilities, financial resources, development experience, and ability to perform.

      The VFG Partnership and Pelican Way Research Report

      According to the complaint, Hyliion announced on May 12, 2026 that it and VFG had entered into a non-binding letter of intent establishing a strategic partnership focused on deploying KARNO Power Modules for next-generation data center applications. The proposed deployments represented approximately $133 million in potential revenue and roughly one-third of Hyliion’s more than $400 million in disclosed potential revenue from non-binding letters of intent.

      According to the complaint, on June 23, 2026, Pelican Way Research published a report questioning the credibility of Hyliion’s commercial pipeline, particularly the VFG letter of intent. The report alleged that VFG was recently formed, appeared to have limited staffing, and lacked publicly available evidence of the operational and financial capacity to support the proposed $133 million opportunity.

      According to the complaint, Hyliion’s stock price fell from $7.37 per share on June 22, 2026 to $6.10 per share on June 23, 2026, a decline of approximately 17%. The stock price then fell another $1.18 per share, or approximately 19%, to close at $4.92 per share on June 24, 2026.

      Review the Hyliion Securities Class Action Complaint

      Olmeta v. Hyliion Holdings Corp. et al., Case No. 1:26-cv-02375 — Class Action Complaint

      Note: A separate securities class action, Draftz v. Hyliion Holdings Corp. et al., Case No. 1:26-cv-02369, was also filed in the U.S. District Court for the Western District of Texas on August 28, 2026.

      Hyliion Investors: Contact Kehoe Law Firm

      Investors who purchased or otherwise acquired Hyliion securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

      For a free, no-obligation legal evaluation, contact:

      Michael Yarnoff, Esq.
      (215) 792-6676, Ext. 804
      [email protected]
      [email protected]

      Lead Plaintiff Deadline: October 27, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 27, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

       

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        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.

        SEND US A MESSAGE

        Contact Us

        ADDRESS

        Kehoe Law Firm, P.C.
        2001 Market Street
        Suite 2500
        Philadelphia, PA 19103

        PHONE

        Tel: 215-792-6676

        EMAIL

        [email protected]

        ERA Form ADV Filing Scams: SEC Warns Investors

        Aug 28, 2026 | KLF Blog

        SEC Warns Investors About ERA Form ADV Filing Scams

        The Securities and Exchange Commission has filed enforcement actions against 38 entities that allegedly made material misrepresentations in Forms ADV to falsely portray themselves as legitimate advisory firms to U.S. investors.

        The SEC also issued an investor alert warning that scammers may use exempt reporting adviser (“ERA”) filings to create a false impression that they are SEC-registered, approved, or otherwise legitimate.

        The Key Point for Investors: An ERA Filing Is Not SEC Registration

        An ERA is an investment adviser that is not registered with the SEC. ERAs are subject to certain SEC reporting obligations and are required to report some information on Form ADV. That filing obligation does not make an ERA an SEC-registered investment adviser.

        The SEC’s Investor Alert states: “An ERA is not registered with the SEC.” It further explains that an ERA can provide investment advice only to private funds, such as hedge funds, venture capital funds, and private equity funds, and legally cannot provide investment advice directly to an individual investor.

        How the Form ADV and ERA Issues Are Connected

        The SEC’s enforcement actions and its investor warning address the same alleged scheme. ERAs report certain information to the SEC on Form ADV. According to the SEC, the 38 defendants purported to be ERAs and allegedly used Form ADV filings containing material misrepresentations or information that could not be substantiated. The SEC alleges that the filings helped the entities falsely portray themselves as legitimate advisory firms.

        The SEC Litigation Release No. 26622 states that the Commission charged 38 entities over alleged material misrepresentations in Forms ADV filed between 2025 and 2026. The SEC alleges, among other things, that defendants listed Colorado business addresses where they had no presence and provided disconnected telephone numbers or numbers belonging to unrelated businesses.

        Fake SEC Registration Claims and Certificates

        The SEC further alleges that certain defendants were marketed on websites displaying fake certificates indicating that the entities were registered with the SEC even though they were not. According to the Investor Alert, some alleged fake certificates included CRD and SEC file numbers assigned when the entity filed its Form ADV and falsely stated that “SEC RIA permission” had been granted.

        Investor.gov warns: “Do not trust any individual or firm that claims to be an ERA and directs you to a filing or website as evidence of SEC registration.”

        What Investors Should Watch For

        • A person or firm claiming to be an ERA offers investment advice directly to you as an individual investor.
        • A person or firm claims that its Form ADV or ERA filing means it is registered with, approved by, or endorsed by the SEC.
        • A website or representative displays an SEC “certificate” as evidence that an adviser is SEC-registered or legitimate.
        • You are directed to a CRD number, SEC file number, Form ADV, or SEC website as supposed proof that the SEC has vetted or approved the adviser.
        • You are asked to send money, transfer crypto assets, or provide personal information based on claims of SEC registration or approval.

        The SEC’s Enforcement Actions

        The SEC’s complaints, filed in the U.S. District Court for the District of Colorado, charge the 38 defendants with violations of Sections 204(a) and 207 of the Investment Advisers Act of 1940. The SEC seeks permanent injunctions, conduct-based injunctions prohibiting the defendants from filing Forms ADV as exempt reporting advisers, and civil penalties. The Forms ADV for the 38 entities have been removed from the SEC’s Investment Adviser Public Disclosure website. The allegations have not been proven.

        SEC Sources

        SEC Litigation Release No. 26622 – False Forms ADV Filings (August 27, 2026)

        Investor.gov – Scammers Using SEC Exempt Reporting Adviser (ERA) Filings to Look Legitimate – Investor Alert (August 27, 2026)

        About Kehoe Law Firm, P.C.

        Kehoe Law Firm, P.C. is a nationally-recognized, plaintiff-side class action law firm representing investors and consumers 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.

        All representation is provided on a contingency-fee basis, and plaintiffs are not responsible for attorneys’ fees, court costs, or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval. 

         

         

        SEND US A MESSAGE

        Contact Us

        ADDRESS

        Kehoe Law Firm, P.C.
        2001 Market Street
        Suite 2500
        Philadelphia, PA 19103

        PHONE

        Tel: 215-792-6676

        EMAIL

        [email protected]