On September 27, 2019, the Commission issued the Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934 against the Respondents. In the Order, the Commission found that from at least August 2012 to July 2016, FCA US, fraudulently misled investors about the number of new vehicles that it and its dealers sold each month to customers. 

The Commission similarly found that beginning in September 2013, FCA US or its predecessor falsely touted that it continued to increase new vehicle sales every month on a year-over-year basis by reporting what it called a “streak” of uninterrupted sales growth. The Commission further found FCA US inflated monthly vehicle sales to customers by paying dealers to report fake sales and used other measures in order to make vehicles sales appear better than they were.

A total of $40,000,000 has been collected pursuant to the Cease-and- Desist Order (the “Fair Fund”). Accrued interest and any additional funds received pursuant to the Cease-and-Desist Order, will be added to the Fair Fund.  The Fair Fund, less taxes, investment fees, and fees and expenses of tax and fund administration (the “Net Available Fair Fund”) will be available to distribute to Eligible Claimants.

By Order dated April 22, 2021, the SEC appointed JND Legal Administration, as the Fund Administrator for the Fair Fund. You can review and download the Fund Administrator order from the "Important Documents" tab of this website or request a copy from the Fund Administrator.

If you invested with FCA US or FCA N.V. from October 13, 2014, through July 26, 2016, and suffered a loss as a result of the conduct described in the Cease-And-Desist Order, you may be eligible for a distribution from the Fair Fund. 

The Fund Administrator shall distribute the Net Available Fair Fund to all Eligible Claimants according to the Plan of Distribution (the “Plan”).  As described in the Distribution Plan, claims will be paid only after all timely submitted Proof of Claim Forms have been processed and all Claimants whose claims have been rejected or disallowed, in whole or in part, have been notified and provided the opportunity to correct and resubmit their claim using the procedures described in the Plan.  The Fund Administrator will aggregate all claims paid to an Eligible Claimant from the Class Action and from the Fair Fund.  In no case will the total amount distributed to an Eligible Claimant exceed the claimant’s total losses. Because it is likely that the Net Available Distribution Fund will not be sufficient to fully compensate all Eligible Claimants for their respective Net Losses, the Net Available Distribution Fund will likely be divided among Eligible Claimants on a pro rata basis using the methodology set forth in the Plan.

The Fund Administrator shall oversee the administration of the claim, procedures, and distribution as provided in this Plan. The Fund Administrator shall review all submitted claims and supporting documentation.  Using the criteria described in the Plan, the Fund Administrator will determine the eligibility of Claimants who might recover monies and the amount of money to be distributed from the Net Available Distribution Fund to Eligible Claimants.

On an on-going basis, after the first Claim Packets are mailed, the Fund Administrator shall continue to supply the Notice and Proof of Claim Forms to persons who contact the Fund Administrator requesting a copy online or via mail, phone, or email until the claim submission deadline.

Additional information can be found by visiting the “Important Documents” tab at the top of this webpage and by contacting the Fund Administrator toll free at 1-833-636-2119, by sending an email to Info@FiatChryslerVehicleSalesFairFund.com, or online on the Contact Us page of this website.