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SCUSA Stockholders Litigation

877-883-9956

This official website is maintained by the Settlement Administrator under the supervision of Plaintiffs’ Counsel in the action entitled “In re Santander Consumer USA Holdings Inc. Stockholders’ Litigation, Consolidated C.A. No. 2022-0689-LWW” (Delaware Court of Chancery)

The information contained on this website is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Stockholder Class Action, Settlement Hearing, and Right to Appear, which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

This website relates to a stockholder class action (the “Action”) brought in the Court of Chancery of the State of Delaware (the “Court”).

The parties to the Action have reached a settlement of the Action for $162,500,000.00 (U.S. Dollars) in cash (the “Settlement”). On December 17, 2024, the Court held a hearing to consider approval of the Settlement and related matters. Following the hearing, the Court entered a Final Order and Judgment (“Final Order”) approving the Settlement, approving the Plan of Allocation for the proceeds of the Settlement, and awarding attorney's fees and litigation expenses to Plaintiffs’ Counsel. A copy of the Final Order can be viewed on the Court Documents page.

If you are a member of the Class, you are subject to the Settlement. The Class means the class as defined in the Stipulation and Order Regarding Class Certification, which was granted by the Court on January 22, 2024, i.e., a non-opt-out class consisting of:

All former holders of SCUSA common stock as of the January 31, 2022 closing of the Acquisition (the “Closing”) who received $41.50 per share in cash in exchange for their shares of SCUSA common stock in connection with the Acquisition, whether beneficial or of record, including as necessary for relief the legal representatives, heirs, successors-in-interest, transferees, and assignees of all such foregoing holders, but excluding (i) Defendants in this Action; (ii) any person who is, or was at the time of the Closing, an officer, director, or partner of SCUSA, SHUSA, and/or Banco Santander; (iii) the immediate family members of any of the foregoing; (iv) any trusts, estates, entities, or accounts that held SCUSA common stock for the benefit of any of the foregoing; and (v) the legal representatives, heirs, successors-in-interest, successors, transferees, and assigns of (i)-(iv).

The Settlement Administrator is currently working to finalize the administration of the Settlement. Once this process is complete, Plaintiffs’ Counsel will submit a motion with the Court for a Class Distribution Order. Please be aware that this process may take several months. For further updates, please continue to check this website.

If you have questions, you may call the SCUSA Stockholders Litigation Help Line at 1-877-883-9956 or email info@SCUSAStockholdersLitigation.com.