Every dollar amount and date on this page is quoted from the official settlement document.
Interactive Brokers $5M Securities Class Action Settlement
Court case: Batchelar v. Interactive Brokers, LLC, et al.
Interactive Brokers margin customers auto-liquidated by the firm's algorithm share a $5,000,000 settlement, distributed pro rata by damages.
Official eligibility wordingU.S. residents with margin accounts at Interactive Brokers whose accounts were liquidated in whole or part using the Automated Liquidation Algorithm Software between December 18, 2013, and July 14, 2025. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify You may qualify if you are a US resident with a margin account at Interactive Brokers that was liquidated in whole or in part using the Automated Liquidation Algorithm software.
- Estimated payout$5,000,000 total fund; pro rata distribution based on individual damages relative to total class damages.
- Proof requiredNo
- What you needFile the claim form with your account details. No proof of purchase is required.
- CourtUnited States District Court for the District of Connecticut
Important dates
How hard is this claim to file?
Watch out for
- Missing the opt-out deadline means you waive the right to pursue independent legal action related to these claims
- If you did not receive a notice and do not contact the administrator, you may be missed even if you are eligible
- Payment will not be issued until after final court approval and any appeals are resolved — timing is not guaranteed
- The net settlement fund is the total fund minus attorneys' fees, litigation costs, the service award, and administration expenses, so individual payments will be less than the gross fund amount
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
Verify it yourself
How we verified this record
- Payout details
- Eligibility
- Proof requirement
- Administrator
- Court case
- Payment status
- 2 fields queued for re-check
2 official sources linked to this record.
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Eligibility summary Quoted in the official eligibility wording above ↑
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Proof requirement
No
Class members who take no action will automatically receive a cash payment.
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Payment status
Final approval pending
The Court in charge of this case still has to decide whether to approve the Settlement.
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Estimated payout
$5,000,000 total fund; pro rata distribution based on individual damages relative to total class damages.
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Administrator
Simpluris
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Court
United States District Court for the District of Connecticut
Show all 8 more verified fields
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Objection deadline
May 27, 2026
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Opt-out deadline
May 27, 2026
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Automatic refund
Yes — automatic, no claim needed
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Class period start
December 18, 2013
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Class period end
July 14, 2025
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Court case number
3:15-cv-01836
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No-claim explanation
Class members who take no action will automatically receive a cash payment; Interactive Brokers identified eligible participants using its own records.
Class members who take no action will automatically receive a cash payment.
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Case name
Batchelar v. Interactive Brokers, LLC, et al.
Where to act
No claim form is needed — Simpluris issues this refund automatically; confirm your eligibility and contact details on the official source.
No claim needed — payment is automatic
If you qualify, the settlement pays you automatically. There's nothing to file — just keep an eye on your mail or account around the payment date.
