The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expense. Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action and Settlement
This website relates to a securities class action (the "Action") alleging, among other things, that Ryder Systems, Inc. ("Ryder") and certain of Ryder’s current and former senior executives (together with Ryder, the “Defendants”) violated the federal securities by making materially false and misleading statements and omissions concerning Ryder’s financial performance and the value of its core assets. A more detailed description of the Action is set forth in paragraphs 11-25 of the Notice. Defendants have denied and continue to deny all claims and allegations of wrongdoing asserted against them in the Action.
Court-appointed Lead Plaintiffs State of Alaska, Alaska Permanent Fund; The City of Fort Lauderdale General Employees’ Retirement System; and The City of Plantation Police Officers Pension Fund (“collectively, “Lead Plaintiffs”), on behalf of themselves and the Settlement Class (defined below), have reached a settlement of the Action for $45,000,000 in cash (the "Settlement"). On October 23, 2024, the Court held a hearing to consider final approval of the Settlement and related matters. Following the hearing, the Court entered a judgment finally approving the Settlement, an order approving the Plan of Allocation for the proceeds of the Settlement, and an order awarding attorney's fees and litigation expenses.
The Settlement Class consists of:
All persons or entities who purchased or otherwise acquired publicly traded Ryder common stock during the period from July 23, 2015 through February 13, 2020, inclusive (the “Class Period”), and were damaged thereby, except for certain persons and entities who are excluded from the Class by definition as set forth in paragraph 26 of the Notice.
Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu at the top of this page.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
Please note: On March 7, 2024, the Action was reassigned from District Judge Aileen M. Cannon to District Judge Jacqueline Becerra.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT: |
| SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR SUBMITTED ONLINE, NO LATER THAN SEPTEMBER 11, 2024. |
This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in paragraph 35 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in paragraph 36 of the Notice), so it is in your interest to submit a Claim Form. |
How Do I Obtain More Information?
Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 877-381-0372 or emailing info@RyderSystemSecuritiesLitigation.com or mailing a letter to:
Ryder System Securities Litigation
c/o JND Legal Administration
P.O. Box 91329
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.
© JND Legal Administration. All rights reserved.
