Unless you exclude yourself from the Settlements, you will give up your right to sue Settling Defendants for the claims being resolved by these Settlements. The specific claims you are giving up against Settling Defendants and all related parties are called “Released Claims” and are set forth in the Consolidated Proposed Order for Final Approval of the Settlement:
[A]ny and all manner of claims, rights, demands, obligations, damages, actions or causes of action, cross-claims, counter-claims, judgments, suits, obligations, debts, setoffs, rights of recovery, charges or liabilities of any kind whatsoever (however denominated), of every nature and description, whether known or unknown, whether suspected or unsuspected, whether class or individual, whether fixed or contingent, in law or in equity, whether arising under federal, state, common, statutory or foreign law or regulation (including Rule 11 of the Federal Rules of Civil Procedure), whether directly, representatively, derivatively, or in any other capacity, that arise out of or relate in any way to (i) the origination, ownership, holding, purchase, or sale of loans or interests in loans with interest rates based upon U.S. Dollar LIBOR, and (ii) the acts, facts, statements, or omissions that were or could have been alleged or asserted by the Lender Plaintiffs or any Lender Class Member in the Lender Action or in any other action in any court or forum, except for claims relating to enforcement of the Settlement.
Upon court approval of the Settlements, you will be “releasing” Citibank, HSBC, Barclays and all related persons or entities as described in the Settlement Agreements and the Proposed Final Judgment and Order of Dismissal with Prejudice granting Final Approval to the Settlements. These documents are available at on the Important Documents page. Please read these documents carefully. If you have any questions you can contact the law firm listed in Question 19 for free or you can, of course, speak with your own lawyer.