Turquoise Hill $138.75M Securities Class Action Settlement
Did you trade Turquoise Hill Resources Ltd. securities on a U.S. exchange or in a domestic transaction between July 17 2018 and July 31 2019? You could receive a share of the $138.75 million settlement. Submit your claim online or by mail before September 24 2025.
Download Claim Form (PDF)Who Is Eligible?
- Investors who bought Turquoise Hill common stock in domestic transactions or on U.S. exchanges from 07/17/2018 – 07/31/2019 and were damaged.
- Investors who bought call options on Turquoise Hill common stock in the same period and were damaged.
- Investors who sold put options on Turquoise Hill common stock in the same period and were damaged.
- Parties who entered into swaps replicating a purchase of Turquoise Hill common stock in the same period and were damaged.
Transactions inside ERISA plans are not eligible—only the plan’s trustees may file for those trades.
Potential Payout
Your payment depends on your trading activity, timing and the total number of valid claims filed. Current estimates:
- ≈ $0.21 per eligible common share or swap unit
- ≈ $0.04 per eligible option contract
Final amounts will be prorated if valid claims exceed the net settlement fund and will exclude payments under $10.
How to File a Claim
- Gather proof of each eligible transaction (broker statements, confirmation slips, or swap documentation).
- Provide the last four digits of your SSN or Tax ID.
- Submit the online claim form or mail a completed PDF form to:
Turquoise Hill Securities Litigation
c/o JND Legal Administration
P.O. Box 91153
Seattle, WA 98111 - Claims must be postmarked or filed online by September 24 2025.
Important Dates
- Claim deadline: Sept. 24 2025
- Exclusion deadline: Sept. 24 2025
- Fairness hearing: Oct. 15 2025
- Payments: After final court approval, resolution of appeals, and claims processing
Case Background
Plaintiffs allege that Turquoise Hill Resources Ltd. and certain Rio Tinto executives misled investors about delays and cost overruns at the Oyu Tolgoi copper-gold mine in Mongolia. These alleged misstatements supposedly inflated Turquoise Hill’s share price, causing investors to overpay. Defendants deny wrongdoing but agreed to a $138,750,000 fund to end the litigation (Case No. 1:20-cv-08585-LJL).
Settlement Fund Breakdown
- Attorneys’ fees: up to $18,037,500
- Litigation expenses: up to $2,600,000
- Notice & administration: amount to be determined
- Class member payments: remaining balance
Frequently Asked Questions
What documents do I need for the Turquoise Hill settlement?
Provide proof of each trade: brokerage confirmations, monthly statements, or swap agreements showing dates, quantities, prices and that the transaction occurred in the U.S.
Will I receive my Turquoise Hill settlement by check or direct deposit?
All payments will be issued by paper check mailed to the address on your claim form.
Can I exclude myself from the Turquoise Hill $138.75M class action?
Yes. Mail a written request for exclusion so it is received by the administrator by Sept. 24 2025. If you opt out, you will not receive money from the settlement.
Where can I get more information?
Visit the official settlement website at TurquoiseHillSecuritiesLitigation.com or call the administrator at 855-779-3513.