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2017 CBOT Wheat Futures Class Action

866-588-5528

This official website is maintained by the Settlement Administrator retained and supervised by Class Counsel for the Settlement Class Members in the action consolidated within Dennis v. The Andersons Inc., Case No. 1:20-cv-04090 pending in the United States District Court for the Northern District of Illinois Eastern Division. 

FAQ

Answer:

The Class certified by the Court is defined as all persons or entities who purchased:

  1. A long position in Chicago Board of Trade (“CBOT”) soft red winter (“SRW”) wheat December 2017 or March 2018 futures contracts;
  2. A long position in CBOT call options on CBOT soft red winter wheat March 2018 futures contracts; or
  3. A short position in CBOT put options on CBOT soft red winter wheat March 2018 futures contracts—and subsequently liquidated the position through an offsetting market transaction at any point during the period of November 30 through December 14, 2017, inclusive (the “Class Period”), except that sales of CBOT March 2018 futures contracts made after December 14, 2017, qualify for inclusion in the Class only to the extent they were made in liquidation of a long position in the CBOT March 2018 contract which was initiated prior to December 14, 2017.

Answer:

If you are still not sure if you are included, you may contact the Settlement Administrator for more information.  If you have reason to believe that you are a member of the Settlement Class and wish to remain a member of the Settlement Class, you do not need to do anything at this time.

Answer:

No money or benefits are available now because the Court and/or jury has not yet decided whether Defendants did anything wrong, and the case is ongoing. There is no guarantee that money or benefits will ever be obtained. If they are, you will be notified how to proceed.

Answer:

You do not need to hire your own lawyer.  The Court appointed Lowey Dannenberg, P.C., 44 South Broadway, Suite 1100, White Plains, New York 10601, and Kirby McInerney LLP, 211 West Wacker Drive, Suite 550, Chicago, Illinois 60606, as “Class Counsel” to represent the Class. To participate in the class action, you do not have to pay Class Counsel or anyone else. Instead, if Class Counsel recovers money or benefits for the Class, they will ask the Court for an award of attorneys’ fees and costs to be paid from any such recovery whether by judgment award or settlement fund. You may hire your own lawyer to appear in Court for you, but if you do, you are responsible for paying that lawyer.

Answer:

If you have questions related to this lawsuit, your rights, or wish to review other documents related to this lawsuit, you may visit www.2017CBOTWheatFuturesClassAction.com or call 866-588-5528.