LJM Funds Securities Settlement

If you purchased shares of the LJM Preservation and Growth Fund (LJMAX, LJMCX, or LJMIX) (the “Fund”) during the period from February 28, 2015 through February 7, 2018, inclusive, you may be entitled to a payment from a partial class action settlement in this federal class action with defendants Northern Lights Distributors, LLC; NorthStar Financial Services Group, LLC; Two Roads Shared Trust; and Mark D. Gersten, Mark Garbin, Neil M. Kaufman, Anita K. Krug, Andrew B. Rogers, and James Colantino (collectively, the “Settling Defendants”). The Court held a Settlement Hearing on December 18, 2019 and approved the Settlement, which provides a gross amount of twelve million eight hundred fifty thousand U.S. dollars (USD $12,850,000.00) (the “Settlement Amount”), plus interest earned thereon, minus attorneys’ fees, costs, administrative expenses, and net of any taxes, to pay claims of all persons and entities who purchased or otherwise acquired shares of the LJM Preservation and Growth Fund during the Class Period. The Court also approved the proposed Plan of Allocation for distributing the Settlement Amount, as well as lead Plaintiffs' Counsel's fee and expenses.

PLEASE NOTE: This Action is separate from the parallel state class action also entitled Sokolow v. LJM Funds Management, Ltd., et al., Case No. 18-CH-11880, pending in the Circuit Court of Cook County, Illinois.

Payments to Authorized Claimants will be made only at the conclusion of the Action, and after the Court awards attorneys' fees and expenses, and any appeals are resolved. Please be patient. Updates will be posted here.

The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.