---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-237200"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T15:05:27.067540+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-237200
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000119312524237200/0001193125-24-237200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000119312524237200/d820350d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-237200
- JSON: https://secwatch.observer/filing/0001193125-24-237200.json
- Plain text: https://secwatch.observer/filing/0001193125-24-237200.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.