Settlement Proposal for Investors in GPB Funds: What You Need to Know

Proposed Settlement for GPB Funds Investors

If you are an investor in GMG Funds, you might be eligible for financial compensation from a recent proposed settlement. On September 22, 2025, the United States District Court for the Western District of Texas announced details regarding the settlement linked with the GPB (‘Gross Performance Benchmark’) Funds. This case involves various parties, including the plaintiffs Kinnie Ma Individual Retirement Account and Barbara DeLuca, against defendants like Ascendant Capital, LLC, and GPB Holdings, LP.

Overview of the Settlement

The primary purpose of this action is to compensate individuals or entities that purchased limited partnership units in GPB Funds between January 1, 2013, and December 31, 2018, and therefore faced financial losses. The GPB Funds in question include GPB Holdings, LP; GPB Holdings Qualified, LP; GPB Automotive Portfolio, LP; among others. If you believe you are a class member, it's crucial to stay informed on how to file a claim, as well as any potential payment you may receive from the settlement.

How Do You Know if You Are Affected?

Individuals who bought GPB Funds during the specified period and experienced losses are considered part of the settlement class, which will be determined at the court hearings. However, certain classes of individuals, such as executives of GPB Capital Holdings and their affiliates, are excluded from this settlement.

Filing a Claim

To share in the distribution of the settlement, you must submit a claim by November 14, 2025. This can be done online through GPBSecuritiesSettlement.com or via mail to the designated address. In your filing, you'll provide details regarding your losses to help determine your eligibility for payments from the Net Settlement Fund, currently set at $46 million. It is essential that all claims are submitted in a timely manner to maximize potential compensation.

Key Hearing Dates

A significant date to remember is November 24, 2025, when a hearing will be conducted to decide on the approval of the proposed settlement. During this hearing, the court will assess whether the actions taken against the settling defendants should proceed under class action. Moreover, additional evaluations will occur regarding settlement funds and attorney fees, with up to 30% of the total addressing those legal costs.

The Legal Landscape

While the negotiating parties have advocated for this settlement, defenders have denied any wrongdoing. Furthermore, the judgment will only operate concerning the settling defendants, leaving avenues open for potential claims against other defendants also linked to these actions.

Important Actions and Considerations

Whether you're opting to participate, contest, or exclude yourself from the agreement, understanding your rights is crucial. Should you wish to contest the settlement, you have up until November 3, 2025, to file your objections with the court. Valued stakeholders must carefully weigh their options in light of the settlement’s implications.

In summary, if you’ve invested in GPB Funds during the designated class period, there’s a distinct opportunity to recover some of your losses through this proposed class-action settlement. Just ensure that you are proactive in filing your claims and aware of your standing throughout the upcoming hearings. Remember, you can find extensive resources and further details by visiting GPBSecuritiesSettlement.com or contacting the claims administrator, Epiq Class Action Claims Solutions, Inc.

Stay informed and take the appropriate steps to secure your financial rights regarding this unfolding situation in the GPB Funds litigation.