Open for claimsSecurities / Investor claimsSeagate Securities Settlement
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Investors who acquired Seagate common stock during the covered period and suffered qualifying losses may claim a share of a proposed $175 million settlement. File online by 11:59 p.m. Pacific Time October 19, 2026, or mail a claim postmarked by October 19.
Payments depend on the allocation formula, valid claims and the net fund after court-approved deductions. The advertised $1.03-per-share average is not an individual entitlement. Seagate denies wrongdoing; approval and any appeals must be resolved before distribution.
Key facts
- Fund
- $175 million before deductions
- Acquisition period
- September 14, 2020–April 19, 2023
- Online deadline
- October 19, 2026, 11:59 p.m. Pacific
- Mail deadline
- Postmarked October 19, 2026
- Payment
- Recognized-loss share of the net fund
- Case
- 3:23-cv-03431-RFL, Northern District of California
Official settlement administrator: Strategic Claims Services — Seagate Securities Litigation
Evidence for key facts
These excerpts record what official sources said when checked. Open a fact to see its source and supporting passage. Follow the source for the latest information.
Claim statusChecked
Claim Forms must be postmarked (if mailed) or submitted on-line no later than October 19, 2026.
Official Home important datesHome important dates
Who qualifiesChecked
all persons and entities who purchased or otherwise acquired common stock of Seagate from September 14, 2020 through April 19, 2023, inclusive
Official Order pages 2–3 paragraph 1Order pages 2–3 paragraph 1
Payment and benefitsChecked
distributed to Authorized Claimants on a pro rata basis
Official Notice page 13Notice page 13
Proof requirementsChecked
copies of trade confirmations or account statements
Official Claim form page 3 paragraph 7Claim form page 3 paragraph 7
Claim deadlineChecked
11:59 p.m. Pacific Time on October 19, 2026
Official Notice page 15Notice page 15
Who qualifies
- The class covers persons and entities who acquired Seagate common stock September 14, 2020 through April 19, 2023, inclusive, and were allegedly damaged. The reviewed definition imposes no separate state-residency requirement.
- Excluded are defendants, current/former Seagate officers and directors, their and the individual defendants’ immediate families, defendant-owned or controlled entities during the period, and excluded parties’ representatives, heirs, affiliates, successors and assigns in those capacities. The presiding judge, staff and their immediate families, plus accepted opt-outs, are excluded.
- Mutual-fund-only ownership and sales without a covered-period acquisition do not qualify. Options themselves are ineligible; stock obtained through option exercise follows the allocation rules.
- Recognized loss requires holding through at least one corrective disclosure: March 8, 2022, July 22, 2022, October 26, 2022 or April 20, 2023. Shares sold before March 8, 2022 have zero recognized loss. An overall market gain yields no recognized claim; actual losses can limit recovery.
How to submit your claim
- 1
Gather your transaction history
Use broker confirmations, account statements or equivalent financial-institution certification. Report the requested beginning/end holdings and all transactions, including the April 20–July 18, 2023 look-back. Follow the official allocation instructions.
- 2
Complete and sign the official form
Beneficial owners sign; all joint owners must sign. A representative must state capacity and establish authority. The form requests the last four digits of SSN/TIN and a perjury certification. Submit one claim per legal entity or separately managed account.
- 3
File by the correct deadline
The official site links online filing, but it showed a JavaScript verification screen during our check. The paper form was accessible: mail first-class to Seagate Securities Litigation, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063, postmarked by October 19. Online deadline is 11:59 p.m. Pacific that day.
- 4
Retain confirmation
Keep copies and follow up if no acknowledgment postcard arrives within 60 days. Contact Strategic Claims Services at 866-426-2293 for assistance. ClaimBee does not supply your certification or guarantee eligibility.
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Frequently asked questions
Will I receive $1.03 for every share?
No. That illustrative average assumes claims for all eligible shares. The allocation uses recognized losses and a proportional share of the net fund, after deductions.
Is there a minimum payment?
Payments below $10 are not distributed under the allocation plan.
Which securities qualify?
The settlement covers qualifying Seagate common stock. Options themselves and ownership only through a mutual fund do not qualify.
Do I need proof of trading?
Yes. Submit the requested holdings and transactions with broker confirmations, account statements or equivalent certification. Missing documentation can prevent validation.
When will I be paid?
The approval hearing is scheduled for November 17, 2026. Payment depends on approval, appeals and claim processing; no arrival date is guaranteed.
Sources and official records
Consult these records for the official terms and current updates. ClaimBee's summary helps explain the settlement; the administrator and court documents determine the claim requirements and benefits.
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