WELCOME TO THE RYANAIR SECURITIES SETTLEMENT WEBSITE

This website has been established to provide general information related to the proposed Settlement of the following class action lawsuit referred to as the City of Birmingham Fireman’s and Policemen’s Supplemental Pension System vs. Ryanair Holdings plc and Michael O’Leary, No. 1:18-cv-10330-JPO (the “Action”), and pending before the Honorable J. Paul Oetken in the United States District Court for the Southern District of New York (the “Court”). The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement dated June 7, 2023 (the "Stipulation"), which can be found and downloaded by clicking on the Case Documents tab above.

The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. You will not be charged for these lawyers. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. If you want to be represented by your own lawyer, you may hire one at your own expense.

WHAT IS THIS LAWSUIT ABOUT?

Plaintiff's claims in the Action are stated in the First Amended Complaint for Violations of the Federal Securities Laws dated April 5, 2019 (the “Complaint”).  Plaintiff City of Birmingham Fireman’s and Policemen’s Supplemental Pension System and City of Birmingham Retirement and Relief System (collectively, "Plaintiff") alleged that Defendants Ryanair Holdings plc ("Ryanair") and Michael O'Leary (collectively, "Defendants") violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). More specifically, the Complaint alleged that Defendants violated the federal securities laws by allegedly misrepresenting and/or failing to make required disclosures about the Company’s labor relations, its profitability and future growth, the cause and impact of an alleged pilot shortage, and the likelihood that Ryanair would unionize. 

If you purchased or otherwise acquired Ryanair ADSs between May 30, 2017 and September 28, 2018, inclusive (the “Class Period”), and were damaged thereby, you are a Class Member. Excluded from the Class are Defendants and their immediate families, Ryanair’s officers and directors at all relevant times, as well as their immediate families, Defendants’ legal representatives, heirs, successors, or assigns, and any entity in which any Defendant has a controlling interest.   Also excluded from the Class are any Persons who timely and validly request exclusion from the Class as ordered by the Court.

WHAT DOES THE SETTLEMENT PROVIDE?

Ryanair has agreed to pay or cause to be paid $5,000,000.00 in cash, which will be deposited in an interest-bearing escrow account for the benefit of the Class (the “Settlement Fund”) The Settlement Fund will be divided, after deduction of Court-awarded attorneys’ fees and expenses, settlement administration costs and any applicable taxes and tax expenses, among all Class Members who timely submit valid Proofs of Claim that are accepted for payment by the Court (“Authorized Claimants”). 

ADDITIONAL INFORMATION

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Pendency and Proposed Settlement of Class Action ("Notice") and the Stipulation. We recommend you read the Notice and other relevant case documents carefully.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT

IMPORTANT DATES AND DEADLINES