Welcome to the Settlement Website for Gatos U.S. Securities Litigation.

If you purchased or otherwise acquired Gatos common stock during the period from October 28, 2020 through January 25, 2022 (both inclusive), or purchased or otherwise acquired publicly traded call options on Gatos common stock and/or sold publicly traded put options on Gatos common stock during the period from December 9, 2020 through January 25, 2022 (both inclusive), you may be affected by a proposed class settlement.

The Parties have reached a proposed Settlement that, if approved, will resolve the Released Claims against the Defendants and their Related Parties on behalf of the Settlement Class.

Gatos and/or its insurance carriers have agreed to pay $21,000,000. This amount, plus accrued interest, and after deduction of Court-approved attorneys’ fees and expenses (including any awards to Plaintiffs), Notice and Administration Costs, and Taxes, will be allocated, pursuant to the Plan of Allocation in the Long-Form Notice, among Settlement Class Members who submit valid claims.

You may be a Settlement Class Member if you purchased or otherwise acquired Gatos common stock pursuant or traceable to the 2020 Registration Statement or the 2021 Registration Statement, or purchased or otherwise acquired Gatos common stock or publicly traded call options on Gatos common stock, and/or sold publicly traded put options on Gatos common stock during the period from December 9, 2020 through January 25, 2022 (both inclusive).


Your Legal Rights and Options in This Lawsuit
Submit a Claim Form

This is the only way to be eligible to receive a payment. If you are a Settlement Class Member, and do not exclude yourself from the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any “Released Claims” (as defined in FAQ 13) that you have against the Defendants and their “Related Parties” (as defined in FAQ 13).

Proof of Claim and Release forms can be completed online, or a blank Claim Form will be available for download on the Documents page. Claims must be postmarked (if mailed) or received (if submitted online) on or before June 19, 2024.
Exclude Yourself

If you exclude yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that potentially allows you to participate in another lawsuit against the Defendants or their Related Parties relating to the Released Claims being released in this case. Should you elect to exclude yourself from the Settlement Class, you should understand that Defendants and their Related Parties will have the right to assert any and all defenses they may have to any claims that you may seek to assert, including, without limitation, the defense that any such claims are untimely under applicable statutes of limitations and statutes of repose.

Exclusions can be completed online, or you can submit a written exclusion by mail. Exclusions must be received on or before May 5, 2024.
Object

You may write to the Court if you do not like this Settlement, the Plan of Allocation and/or the request for attorneys’ fees and expenses. You will still be a Member of the Settlement Class.

Objections must be received by the Court and counsel for the Parties on or before May 10, 2024.
Go to the Hearing

Submitting a written objection and notice of intention to appear by May 10, 2024 allows you to speak in Court about the fairness of the Settlement, the Plan of Allocation and/or the request for attorneys’ fees and expenses. If you submit a written objection, you may (but you do not have to) attend the hearing and speak to the Court about your objection.
Do Nothing If you are a Member of the Settlement Class and you do not submit a Proof of Claim by June 19, 2024, you will not be eligible to receive any payment from the Net Settlement Fund. You will, however, remain a Member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will still be bound by any judgments or orders entered by the Court in the Litigation.

These rights and options—and the deadlines to exercise them—are explained in the Notice and on the Frequently Asked Questions page of this website.

The Court in charge of this case must decide whether to approve the Settlement. Payments to Authorized Claimants will be made if the Court approves the Settlement, after Proofs of Claim are processed, and, if there are any appeals, after appeals are resolved. Please be patient.

Current Status

Plaintiff filed the Stipulation and Agreement of Settlement on July 13, 2023. The Court entered a Preliminary Approval Order on February 29, 2024, and Notice of the Settlement will commence on March 21, 2024.


Important Dates
  • October 28, 2020 – January 25, 2022 (both inclusive)
    Class Period for Gatos Common Stock
  • December 9, 2020 – January 25, 2022 (both inclusive)
    Class Period for Gatos Options
  • May 5, 2024
    Deadline to Exclude Yourself from the Settlement
  • May 10, 2024
    Deadline to Object to the Settlement
  • May 31, 2024
    Fairness Hearing Date
  • June 19, 2024
    Deadline to Submit a Claim Form
Submit a Claim Form