Seagate Technology Securities Class Action Settlement
By the Class Action Buddy Editorial Team · Last reviewed August 5, 2026
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Who Was Eligible?
Who the settlement covered:
- The class covers anyone, person or entity, who bought or otherwise acquired Seagate Technology Holdings plc common stock between 14 September 2020 and 19 April 2023 inclusive. Only common stock — option contracts are not eligible securities, and short sales are assigned a recognized loss of zero.
- Two exclusions catch ordinary people rather than insiders. You are excluded if you held Seagate solely through a mutual fund during the class period, which rules out a great many retirement savers who never owned shares directly. You are also excluded if you sold during the window but never bought during it.
- The remaining exclusions are the familiar ones: current and former Seagate officers and directors, their immediate family, the legal representatives, heirs and assigns of those people, and the presiding judge with their staff and family.
- Nationality and residence are irrelevant. Where you live has no bearing on eligibility; when you traded does.
- Two limits decide whether membership is worth anything. You must have held shares through at least one corrective disclosure on 8 March 2022, 22 July 2022, 26 October 2022 or 20 April 2023. And your class-period trading must show an overall market loss, because a market gain reduces the claim to zero and a market loss smaller than your calculated claim caps it.
How Much Did It Pay?
The fund is $175 million. The notice estimates an average distribution of about $1.03 per eligible share before anything is taken out, and roughly $0.26 per share comes out for legal fees and costs if the court grants the maximum requested. That leaves something near $0.77 a share.
Treat that as an average, not a ceiling and not a promise. The notice says so in bold: it is only an estimate. What you actually receive is your recognized claim divided by everyone's recognized claims, multiplied by the net fund. The notice puts the consequence plainly — an individual class member may receive more or less than the estimated average.
Your recognized loss per share is driven by the alleged artificial inflation in the price on the day you bought minus the inflation on the day you sold. The notice publishes that figure for every stretch of the class period. It peaked at $13.41 a share between 23 April and 20 July 2021 and had fallen to $1.00 by late October 2022. From 20 April 2023 it is zero.
Several mechanics cut claims down. Purchases and sales are matched first in, first out. Shares still held at the close on 19 April 2023 are valued at $57.08. Anything sold in the 90 days after 20 April 2023 is tested against a running average closing price, which reached $60.30 by 18 July 2023, because federal law caps damages that way.
One last threshold: if your calculated distribution works out below $10, you get nothing and the money goes to the claimants above that line.
How this claim was filed
This settlement is closed, so the steps below are kept for reference only — they no longer lead anywhere you can file.
- Pull your brokerage records first. You need every Seagate common stock transaction from 14 September 2020 to 19 April 2023: dates, share counts and prices for each purchase and each sale. You also need your position as it stood at the opening of trading on 14 September 2020, because sales get matched against that holding before anything else. Trade dates govern, not settlement dates.
- This is not a settlement you can attest your way into. The claim form requires adequate supporting documentation, and the administrator computes the loss from your numbers. Missing statements are the usual reason a claim fails. Your broker can reissue them.
- File online at SeagateSecuritiesLitigation.com, or download the form there and post it to Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063. The administrator answers on 866-426-2293 and at info@SeagateSecuritiesLitigation.com. Brokers and nominees filing for beneficial owners have a separate route on the site.
- The claim deadline is 11:59 p.m. Pacific on 19 October 2026. Note the ordering, because it is unusual: the deadline to opt out or object falls later, on 27 October 2026.
- Keep your records after filing. The administrator may come back for them.
- Payment is not imminent. Judge Rita F. Lin hears the fairness motion on 17 November 2026 in San Francisco, and money only moves once the settlement is approved and any appeals are done. Doing nothing still binds you to the release, so filing is the only way to be paid.
Looking for something you can still claim?
This one has closed, but the open settlements list is kept current, and Class Action Buddy will tell you when a new one matches your profile.
Frequently Asked Questions
What is the deadline to file a claim for the Seagate Technology Securities Class Action Settlement?
The deadline to file a claim was Oct 19, 2026, and it has passed. Claims are no longer accepted for this settlement.
Did I need documentation for the Seagate Technology Securities Class Action Settlement?
Yes — this settlement required supporting documentation, and the official claim form set out what counted.
What exactly is the class period?
14 September 2020 through 19 April 2023, inclusive. You must have bought or otherwise acquired Seagate common stock inside that window. Selling inside it without having bought inside it does not make you a class member.
I bought in the window and sold at a profit in 2021. Do I get anything?
No. Any share sold before the close of trading on 7 March 2022 has a recognized loss of zero, because you were out before the first corrective disclosure. Separately, if your class-period trading shows an overall market gain, your entire claim is zero.
Can I claim without brokerage statements?
No. This is not a no-proof consumer settlement. The claim form requires adequate supporting documentation of every purchase and sale, and the whole payment is computed from those figures. Ask your broker to reissue statements if you no longer have them.
I held Seagate in a mutual fund or my 401(k). Am I covered?
Not if the fund was your only exposure. Owning Seagate solely through a mutual fund during the class period is an explicit exclusion. Shares held directly in a brokerage or retirement account are a different matter.
Is $0.77 a share what I will be paid?
No. It is roughly what the estimated $1.03 average becomes after the maximum requested fees and costs. The notice says in bold that it is only an estimate, and that an individual may receive more or less.
What were the four corrective disclosures?
8 March 2022, 22 July 2022, 26 October 2022 and 20 April 2023. Holding through at least one of them is what gives a share a recognized loss.
I only have a small position. Is it worth filing?
Check the arithmetic before spending an evening on it. Distributions calculated below $10 are not paid, and that money is redistributed to larger claims.
What is the case?
In re Seagate Technology Holdings plc Securities Litigation, No. 3:23-cv-03431-RFL, in the United States District Court for the Northern District of California, before Judge Rita F. Lin. Strategic Claims Services administers it. Seagate and the two executives deny all of it.
Primary source: official settlement administrator — seagatesecuritieslitigation.com. The settlement details on this page were checked against the administrator’s official website.
Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.
This settlement has closed
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