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Important Update: There are new Settlements with Deutsche Bank AG, totaling $425,000.

Previous Settlements with JPMorgan, Bank of America, and UBS received final approval from the Court on May 26, 2020. New information regarding these Settlements will be posted once there are new updates. You may also visit the corresponding FAQ page.

Previous Settlements with Citibank, HSBC and Barclays received final approval from the Court on December 20, 2018. New information regarding these Settlements will be posted once there are new updates. You may also visit the corresponding FAQ page.

What is this lawsuit about?

In a class-action lawsuit about alleged manipulation of the London Interbank Offered Rate (“LIBOR”), a Settlement has been reached with Deutsche Bank AG (“Deutsche Bank” or the “Settling Defendant”). The lawsuit claims that the Settling Defendant and the Non-Settling Defendants (see Question 2) unlawfully manipulated U.S. Dollar LIBOR, artificially lowering the rate and causing class members to lose money in connection with loans and transactions regarding loans that paid interest based upon U.S. Dollar LIBOR.

Who is included?

You are included in the Settlement if you are a U.S.-headquartered lending institution that originated loans, held loans, held interests in loans, owned loans, owned interests in loans, purchased loans, purchased interests in loans, sold loans, or sold interests in loans with interest rates based upon U.S. Dollar LIBOR, which rates adjusted at any time between August 1, 2007 and May 31, 2010. Class Members will release claims through the Settlement only against Settling Defendant and their affiliates, officers, directors, employees, and other related persons; the Settlement does not impact claims in the lawsuit against the Non-Settling Defendants, and the lawsuit is ongoing.

The loans affected include, among others: U.S. Dollar LIBOR-based loans that include a term, provision, or obligation or right to receive interest payments based on U.S. Dollar LIBOR. The Settlement does not include other types of U.S. Dollar LIBOR-based instruments such as interest rate swaps or bonds.

NEW SETTLEMENTS WITH DEUTSCHE BANK AG

If you already sent a valid Proof of Claim in connection with the previous settlements in the Lender Action, and wish to receive a payment in connection with this Settlement, you are encouraged to do nothing. The Claims Administrator will process your claim using the information previously submitted.

If you did not previously submit a valid Proof of Claim in connection with the previous settlements in the Lender Action and do nothing now, you will forfeit your right to get a monetary benefit from the Settlement.

Regardless of whether you sent in (or now send in) a Proof of Claim, unless you exclude yourself, you will give up your rights to assert claims released by the Settlement against Settling Defendant about U.S. Dollar LIBOR manipulation claims at issue in this case.

OPTION AND DEADLINE	EVENT
Already Submitted A Valid Proof Of Claim In Prior Settlement?	You need not submit a claim form now if you previously submitted a valid proof of claim in the prior settlements with Citibank, N.A., Citigroup Inc., HSBC Bank plc, HSBC Holdings plc, Barclays Bank plc, or JPMorgan Chase & Co., JPMorgan Chase Bank. N.A., Bank of America Corporation, Bank of America, N.A. and UBS AG in the Lender Action. The claims administrator will use the information already on file.
If You Did Not Previously Submit A Claim - Submit a Claim February 8, 2021 (Postmarked)	This is the only way to get a payment if you did not submit a valid Proof of Claim to the Claims Administrator in connection with the previous settlements in the Lender Action. See Question 14.
Ask to be Excluded February 8, 2021 (Postmarked)	You will get no monetary benefits from the Settlement. This is the only option that allows you to retain any claims released by the Settlement against Settling Defendant about U.S. Dollar LIBOR manipulation and other claims at issue in this case. See Question 18.
Object February 22, 2021 (Postmarked)	If you wish to object to the Settlement, or anything else referenced in this Notice, you must file a written objection. See Question 21.
Go to a Hearing March 15, 2021	You may also request to be heard at the Fairness Hearing. See Question 25.
Do Nothing	If you already sent a valid Proof of Claim in connection with the previous settlements in the Lender Action, and wished to receive a payment in connection with these Settlements, you were encouraged to do nothing. The Claims Administrator processed your claim using the information previously submitted. If you did not previously submit a valid Proof of Claim in connection with the previous settlements in the Lender Action and did nothing here, you forfeited your right to get a monetary benefit from the Settlements. Regardless of whether you sent in a Proof of Claim, unless you excluded yourself, you gave up your rights to assert claims released by the Settlements against Settling Defendants about U.S. Dollar LIBOR manipulation claims at issue in this case.

PREVIOUS SETTLEMENTS WITH JPMORGAN, BANK OF AMERICA, AND UBS

OPTION AND DEADLINE	EVENT
Already Submitted A Valid Proof Of Claim In Prior Settlement?	You did not need to submit a claim form if you previously submitted a valid proof of claim in the prior settlement with Citibank, N.A., Citigroup Inc., HSBC Bank plc, HSBC Holdings plc and Barclays Bank plc in the Lender Action. The claims administrator used the information already on file.
If You Did Not Previously Submit A Claim - Submit a Claim April 21, 2020 (Postmarked) (Passed)	This was the only way to get a payment if you did not submit a valid Proof of Claim to the Claims Administrator in connection with the previous settlements in the Lender Action.
Ask to be Excluded April 21, 2020 (Postmarked) (Passed)	You will get no monetary benefits from the Settlements. This was the only option that allowed you to retain any claims released by the Settlements against Settling Defendants about U.S. Dollar LIBOR manipulation and other claims at issue in this case.
Object May 5, 2020 (Postmarked) (Passed)	If you wished to object to the Settlements, or anything else referenced in this Notice, you must have filed a written objection.
Go to a Hearing May 26, 2020 (Passed)	You may also have requested to be heard at the Fairness Hearing.
Do Nothing	If you already sent a valid Proof of Claim in connection with the previous settlements in the Lender Action, and wished to receive a payment in connection with these Settlements, you were encouraged to do nothing. The Claims Administrator processed your claim using the information previously submitted. If you did not previously submit a valid Proof of Claim in connection with the previous settlements in the Lender Action and did nothing here, you forfeited your right to get a monetary benefit from the Settlements. Regardless of whether you sent in a Proof of Claim, unless you excluded yourself, you gave up your rights to assert claims released by the Settlements against Settling Defendants about U.S. Dollar LIBOR manipulation claims at issue in this case.

PREVIOUS SETTLEMENTS WITH CITIBANK, HSBC, AND BARCLAYS

OPTION AND DEADLINE	EVENT
Submit a Claim November 20, 2018 (Submitted or Postmarked) (Passed)	This was the only way to receive a payment from the Settlements.
Ask to be Excluded November 20, 2018 (Postmarked) (Passed)	This was the only option that allowed you to retain any claims released by the Settlements against Settling Defendants (Citibank, HSBC and Barclays) about U.S. Dollar LIBOR manipulation and other claims at issue in this case.
Object November 20, 2018 (Postmarked) (Passed)	The deadline for writing to the Court about why you don’t like this Settlement has passed. Objections had to be filed with the Court and copies sent to Counsel for the Parties.
Go to a Hearing (Passed)	A Fairness Hearing was held at 11:00 am. on December 20, 2018. At the hearing, the Court considered whether these Settlements were fair, reasonable and adequate. You had the right to go to that hearing, although you were not required to do so.
Do Nothing	If you are a Class Member and did not submit a claim or opt out, you gave up your rights to assert claims released by the Settlements against Settling Defendants (Citibank, HSBC and Barclays) about U.S. Dollar LIBOR manipulation claims at issue in this case.

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