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.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is counsel to Southeastern Pennsylvania Transportation Authority (“SEPTA”), along with additional lead plaintiffs City of Miami Fire Fighters’ and Police Officers’ Retirement Trust and the Louisiana Sheriffs’ Pension & Relief Fund, in a securities class action against CVS Health Corporation (“CVS”) and certain of its officers pending in the U.S. District Court for the Southern District of New York.

On August 27, 2026, U.S. District Judge Margaret M. Garnett partially granted and partially denied CVS’s motion to dismiss the amended consolidated complaint, allowing certain investor claims concerning alleged omissions about CVS’s use of artificial intelligence in Medicare Advantage prior-authorization reviews to proceed.

Opinion & Order 

“This is a good result for SEPTA and the investor class. The Court’s decision allows significant claims concerning CVS’s alleged omissions about its use of AI tools and their financial impact to move forward,” said John A. Kehoe of Kehoe Law Firm, P.C. “We look forward to continuing to prosecute the case on behalf of SEPTA and the class.”

What Did the Court Decide?

The court allowed certain investor claims concerning CVS’s alleged omissions about its use of AI tools and their financial impact to proceed. At the motion-to-dismiss stage, the court concluded that plaintiffs adequately alleged actionable statements concerning CVS’s financial forecasts and statements identifying the primary drivers of CVS’s financial success.

What Do the Investors Allege?

The amended complaint alleges that CVS used AI tools in connection with Medicare Advantage prior-authorization reviews and that those practices generated substantial cost savings. Plaintiffs allege that CVS misled investors by identifying other factors as primary drivers of its financial performance while failing to disclose material information concerning the use and financial impact of those tools.

Case Information

Louisiana Sheriffs’ Pension and Relief Fund et al. v. CVS Health Corp. et al., Case No. 1:24-cv-05303, U.S. District Court for the Southern District of New York.

The lead plaintiffs are Southeastern Pennsylvania Transportation Authority, the Louisiana Sheriffs’ Pension & Relief Fund, and the City of Miami Fire Fighters’ and Police Officers’ Retirement Trust.

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 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.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is proud to announce that its client, the Policemen’s Annuity and Benefit Fund of Chicago (“PABF”), court-appointed lead plaintiff in the Twist Bioscience Corporation Securities Class Action, has taken a significant step forward in the pursuit of justice.

On September 3, 2025, Judge Eumi K. Lee of the U.S. District Court for the Northern District of California denied in part Defendants’ motion to dismiss the securities fraud class action Peters v. Twist Bioscience Corporation.  The Amended Complaint alleges that Twist and several members of its senior management misrepresented that the company possessed effective and efficient technology capable of producing synthetic DNA at higher quality and lower cost than its competitors.  Judge Lee concluded that the complaint sufficiently pleaded claims under Section 10(b) of the Securities Exchange Act of 1934 and Section 11 of the Securities Act of 1933.

Significantly, Judge Lee rejected Defendants’ argument that the complaint failed to adequately allege loss causation—i.e., that Defendants’ misstatements caused investors’ losses—because the alleged corrective disclosure came in the form of a short-seller report.  Judge Lee agreed with PABF’s position that Ninth Circuit law permits a corrective disclosure to originate from any source, including a short-seller report, so long as the allegations plausibly suggest that the disclosure revealed the truth and contributed to the company’s stock price decline.

The case will now proceed to discovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. proudly congratulates its Director of Business Development, Kevin Cauley, on being named the Families Behind the Badge Children’s Foundation’s (FBBCF) “2025 Volunteer of the Year“ at the Philadelphia Fraternal Order of Police.  This honor recognizes Kevin’s longstanding commitment to the FBBCF – an organization whose mission aligns deeply with KLF’s own values of service, integrity, and community. 

The FBBCF is a Southeastern Pennsylvania- and South Jersey-based nonprofit dedicated to supporting the families of fallen or critically injured first responders. Through immediate financial relief, educational and recreational grants for children, and programs that strengthen relationships between law enforcement and the communities they serve, FBBCF ensures that when first responders face unimaginable loss, their families are never left without meaningful support.

For decades, Kevin has been at the heart of that mission—a quiet leader whose humility, compassion, and tireless service have made a lasting impact across our community.

A proud graduate of Father Judge High School and Temple University, Kevin’s journey began on the water, competing with several of Philadelphia’s esteemed Boathouse Row clubs. As a founding member and former coach of the Philadelphia Police Boat Teams, he built not only athletes but also camaraderie, discipline, and enduring friendships that reflect the very spirit of teamwork and dedication.

Off the water, Kevin has served the FBBCF and its predecessor organizations since the 1980s. He has dedicated more than 25 years to the Philadelphia Marine Corps Law Enforcement Foundation and continues to be an active associate member and steadfast supporter of the Fraternal Order of Police.

Please join us in congratulating Kevin Cauley on this well-deserved recognition from the FBBCF, honoring his decades of selfless service and unwavering commitment to those who protect and serve.

Congrats, Kevin!!

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]