Update on the Distribution of Net Settlement Fund
The Court has approved the distribution of the net settlement fund to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following dates:
November 29, 2023 

Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

If you have any questions, please contact the Claims Administrator whose contact information is listed here below:
855-606-2267, info@VenatorSecuritiesLitigation.com

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 Expenses. 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”) brought by the Court-appointed Lead Plaintiffs, Fresno County Employees’ Retirement Association (“Fresno”), City of Miami General Employees’ & Sanitation Employees’ Retirement Trust (“Miami”), and City of Pontiac General Employees’ Retirement System (“Pontiac”; together with Fresno and Miami, “Plaintiffs”) against Venator Materials PLC ("Venator") and certain of its executives, directors, selling shareholders, and underwriters. Plaintiffs allege that Defendants violated the federal securities laws by making false and misleading statements and omissions about the true extent of damage to Venator’s facility in Pori, Finland, the cost to rehabilitate the facility, and the impact on Venator’s business and operations, including statements to investors about whether the Pori facility would be rebuilt with insurance proceeds within its policy limits.

Lead Plaintiffs and Defendants have settled the Action for $19,000,000 in cash (the “Settlement”). On September 9, 2022, the Court held a hearing to consider final approval of the Settlement and related matters, and on September 15, 2022, the Court entered a Judgment finally approving the Settlement, an order approving the Plan of Allocation, and an order awarding attorneys’ fees and litigation expenses. 

If you are a member of the Settlement Class, you are subject to the Settlement. The Settlement Class consist of:

all persons and entities who: (i) purchased or otherwise acquired the publicly traded common stock of Venator between August 2, 2017, and October 29, 2018, inclusive (the “Class Period”); and/or (ii) purchased or otherwise acquired publicly traded Venator common stock either in or traceable to Venator’s August 3, 2017 initial public offering (“IPO”) or Venator’s December 4, 2017 secondary public offering (“SPO”) during the Class Period, and were damaged thereby.

Excluded from the Settlement Class are:  (i) Defendants; (ii) members of the Immediate Family of any Individual Defendant; (iii) any person who was an officer or director of Venator, any of the Huntsman Defendants, or any of the Underwriter Defendants during the Class Period and any members of their Immediate Family; (iv) any parents, subsidiaries, or affiliates of Venator, any of the Huntsman Defendants, or any of the Underwriter Defendants; (v) any entity in which any such excluded party has, or had during the Class Period, a direct or indirect majority ownership interest; and (vi) the legal representatives, heirs, successors-in-interest, or assigns of any such excluded persons or entities; provided, however, that the Settlement Class shall not exclude any Investment Vehicles.  Also excluded from the Settlement Class are Macomb County Employees’ Retirement System, Fireman’s Retirement System of St. Louis.  

Following the hearing on September 9, 2022, the Court entered, on September 15, 2022, a Judgment finally approving the Settlement, an Order approving the Plan of Allocation, and an Order awarding attorneys’ fees and litigation expenses.

Please read the Notice to fully understand your rights and options. A copy of the Notice can be found in the menu at the top of this page.

The deadline for submission of Claim Forms was October 17, 2022, and the processing of claims submitted in the Action has now concluded. On October 17, 2023, Lead Counsel filed the Distribution Motion seeking Court approval to distribute the net settlement fund. On October 30, 2023, the Court approved the distribution of funds. The initial distribution of the settlement funds was distributed in November 2023. The second distribution will occur in the second half of 2024. Subsequent distributions will occur on a rolling basis, provided that net settlement funds are available.

How do I obtain more information?

Detailed information about the Action is contained in the Notice available for download on the 'Notice' page on this website. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-855-606-2267 or emailing info@VenatorSecuritiesLitigation.com or mailing a letter to:

Venator Securities Litigation
c/o JND Legal Administration
P.O. Box 91370
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.