Santander Holdings USA agrees to $162.5M settlement in fiduciary duty class action over 2022 acquisition

Santander Holdings USA, Inc.

Reached $162.5M settlement in class action (Del. Chancery, C.A. No. 2022-0689-LWW) over fiduciary breach claims in 2022 acquisition of Santander Consumer USA.
Substantial majority of payment covered by insurance; settlement includes full class-wide release.
Settlement requires court approval; no assurance of approval or exact financial impact.

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