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Gain Capital Holdings Stockholder Litigation

877-411-5022

This official website is maintained by the Settlement Administrator under the supervision of Prickett, Jones & Elliott, P.A., counsel for JB Capital Partners, L.P. and the other members of the Class in the class action entitled JB Capital Partners, L.P. v. Glenn Stevens, et al., Civil Action No. 2022-0327-NAC (the “Class Action”) and for JB Capital Partners, L.P. and certain other dissenters in the appraisal action entitled JB Capital Partners, L.P. v. Gain Capital Holdings, Inc., Civil Action No. 2020-06440-NAC (the “Appraisal Action” and together with the Class Action, the “Actions”), both of which are pending in the Court of Chancery of the State of Delaware (the “Court”).

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

Notice of Pendency of Class Action: Please be advised that if the Settlement (defined below) is approved by the Court, your rights will be affected by the above-captioned Actions if you were a stockholder of Gain Capital Holdings, Inc. (“Gain Capital” or the “Company”) on July 31, 2020.


Notice of Settlement: Please also be advised that the Settling Parties (defined below) have reached a proposed settlement of the Actions for $55,000,000 in cash (the “Settlement”) of which $24,101,280 will be paid to Class Members to settle the Class Action. The proposed Settlement, if approved, will resolve both the Appraisal Claims and Class Claims asserted in the Actions, which will be dismissed with prejudice.

The “Settling Parties” are (i) Petitioner and Plaintiff JB Capital Partners, L.P. (“Petitioner,” “Plaintiff” or “JB Capital”), on behalf of itself and the Class (as defined below); (ii) Respondent Gain Capital Holdings, Inc.; (iii) Defendant Glenn Stevens (“Stevens”); (iii) Defendant Thomas Bevilacqua (“Bevilacqua”); (iv) Defendant John Douglas Rhoten (“Rhoten”); (v) Defendants VantagePoint Management, Inc., Vantage Point Venture Associates IV, L.L.C., VantagePoint Venture Partners IV (Q), L.P., VantagePoint Venture Partners IV, L.P., VP New York Venture Partners, L.P., and VantagePoint Venture Partners IV Principals Fund, L.P. (“VantagePoint Defendants”); and (vi) IPGL Ltd. and Fox & Trot Ltd. n/k/a IPGL No. 1 Ltd. (“IPGL Defendants,” and together with Gain Capital, Stevens, Bevilacqua, Rhoten, and VantagePoint Defendants, “Defendants”).


If you are a member of the Class, you will be subject to the court's approval of the Settlement. The Class preliminary certified by the Court for purposes of the Settlement consists of:


All record holders and beneficial owners of Gain Capital Holdings, Inc. common stock (except for Excluded Persons, as defined herein) who held such shares as of July 31, 2020 (the date of the Merger’s closing), together with their heirs, assigns, transferees, and successors-in-interest. All Excluded Persons are excluded from the Class. For the avoidance of doubt, the “Class” includes the Dissenters.

“Excluded Persons” means the Defendants, including their immediate family members, investors, partners, limited partners, legal representatives, heirs, estates, successors, or assigns and Gain Capital. For the avoidance of doubt, Dissenters are not Excluded Persons.


PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. This Notice explains how Class Members will be affected by the Settlement.

If you have questions, you may call the Gain Capital Holdings Stockholder Litigation Help Line at 1-877-411-5022 or email info@gaincapitalstockholderlitigation.com

CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT
Description Due Date

RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM.

If you are a member of the Class, you may be eligible to receive a distribution from the Settlement proceeds. If the Settlement is approved by the Court, Eligible Class Members do not need to submit a claim form to receive a distribution from the Settlement.

OBJECT TO THE SETTLEMENT, THE PROPOSED PLAN OF ALLOCATION, OR CLASS COUNSEL’S REQUEST FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 18, 2024

If you are a Class Member and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Class counsel’s request for an award of attorneys’ fees and expenses, you may write to the Court and explain the reasons for your objection.

ATTEND A HEARING ON DECEMBER 3, 2024, AT 11:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 18, 2024

Filing a written objection and notice of intention to appear that is received by November 18, 2024, allows you to speak in Court, at the discretion of the Court, about your objection. If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.