Batchelar v. Interactive Brokers Margin Account Liquidation Settlement
Verified July 13, 2026 against interactivebrokerssettlement.comFound via ClaimDepotHow ClaimWatch verifies cases
Closed to new claims. Browse open settlements →
Where this case stands
Final approval granted June 17, 2026
Claims closed. Once the time to appeal has run, the administrator pays valid claims; that usually takes three to twelve months after approval.
Before Judge Alvin W. Thompson, United States District Court for the District of Connecticut (No. 3:15-cv-01836).
- December 18, 2015Case filed
- May 27, 2026Opt-out and objection deadline
Last day to exclude yourself from the settlement or object to its terms.
- June 17, 2026Final approval hearing
The court hears any objections and decides whether to approve the settlement.
- June 17, 2026Final approval granted
- June 17, 2026Case closed by the court
What happened
Interactive Brokers allegedly negligently designed, coded, tested, maintained, and used automated liquidation algorithm software that liquidated customers' margin accounts, causing unintended losses. The defendants deny the allegations and maintain the software was properly designed and used.
Do you qualify?
Anyone who had a margin account with Interactive Brokers, LLC that was liquidated in whole or part using the automated liquidation algorithm software between December 18, 2013, and July 14, 2025.
How to file
Class members identified in Interactive Brokers' records will automatically receive a cash payment if they do nothing. Those who received a shorter form notice should read the settlement website for complete information. The claim deadline is not yet specified on the page.
Common questions
- What is the status of the Batchelar v. Interactive Brokers Margin Account Liquidation Settlement?
- Final approval granted June 17, 2026. Claims closed. Once the time to appeal has run, the administrator pays valid claims; that usually takes three to twelve months after approval.
- Is the Batchelar v. Interactive Brokers Margin Account Liquidation Settlement notice real, or a scam?
- Claims are filed only at interactivebrokerssettlement.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
- Who are the attorneys in the Batchelar v. Interactive Brokers Margin Account Liquidation Settlement?
- For the plaintiffs: Andrew Levander (Dechert, LLP); Patrick Andriola (Fishkin Lucks LLP); Christopher J. Merken (Fisher Phillips LLP); Matthew W. Austin (Internal Revenue Service). For Interactive Brokers, LLC; Interactive Brokers Group, Inc.; and Thomas A. Frank: Jack P. Carroll (Orgain, Bell & Tucker); Gilbert I. Low (Orgain Bell &Tucker, LLP); William M. Bloss (Koskoff, Koskoff & Bieder, P.C.); Michael P. Koskoff (Koskoff, Koskoff & Bieder, P.C.). From the public court docket.
Who's involved
Plaintiffs
- Interactive Brokers, LLC(Counter Claimant)
Defendants
- Thomas A. Frank
- Interactive Brokers Group, Inc
- Robert Scott Batchelar(Counter Defendant)
Counsel for plaintiffs
- Andrew LevanderDechert, LLPRepresents Interactive Brokers, LLC, Interactive Brokers Group, Inc, Thomas A. Frankandrew.levander@dechert.com · (212) 698-3671
- Patrick AndriolaFishkin Lucks LLPRepresents Interactive Brokers, LLC, Interactive Brokers Group, Inc, Thomas A. Frankpandriola@fishkinlucks.com · (516) 426-5400
- Christopher J. MerkenFisher Phillips LLPRepresents Interactive Brokers, LLC, Interactive Brokers Group, Inc, Thomas A. Frank2 tracked casescmerken@fisherphillips.com · (610) 230-6119
- Matthew W. AustinInternal Revenue ServiceRepresents Thomas A. Frank, Interactive Brokers, LLC, Interactive Brokers Group, Incmaustin@daypitney.com · (860) 290-4065
- Thomas D. GoldbergDay Pitney LLPRepresents Thomas A. Frank, Interactive Brokers, LLC, Interactive Brokers Group, Inctdgoldberg@daypitney.com · (203) 977-7383
- Gary J. MennittDechert LLP- Ave Amer NYRepresents Thomas A. Frank, Interactive Brokers, LLC, Interactive Brokers Group, Incgary.mennitt@dechert.com · (212) 698-3831
- Benjamin M. RoseDechert LLP- Ave Amer NYRepresents Thomas A. Frank, Interactive Brokers, LLC, Interactive Brokers Group, Incben.rose@dechert.com · (212) 641-5683
- Andraya Pulaski BrunauDay Pitney LLPRepresents Thomas A. Frank, Interactive Brokers, LLC, Interactive Brokers Group, Incabrunau@daypitney.com · (860) 275-0100
Counsel for defendants
- Jack P. CarrollOrgain, Bell & TuckerRepresents Robert Scott Batchelarjpc@obt.com · (409) 838-6412
- Gilbert I. LowOrgain Bell &Tucker, LLPRepresents Robert Scott Batchelarkvoth@obt.com · (409) 838-6412
- William M. BlossKoskoff, Koskoff & Bieder, P.C.Represents Robert Scott Batchelarbbloss@koskoff.com · (203) 336-4421
- Michael P. KoskoffKoskoff, Koskoff & Bieder, P.C.Represents Robert Scott Batchelarmkoskoff@koskoff.com · (203) 336-4421
- Christopher M. MatteiKoskoff, Koskoff & Bieder, P.C.Represents Robert Scott Batchelar2 tracked casesCMattei@Koskoff.com · (203) 336-4421
- Peter E. GarveyHiggins, Cavanagh & Cooney, LLPRepresents Robert Scott Batchelarpgarvey@hcc-law.com · (401) 272-3500
- Larry DeWayne LayfieldLaw Office of L. DeWayne Layfield, PLLCRepresents Robert Scott BatchelarDeWayne@LayFieldLaw.com · (409) 832-1891
- Gary N. RegerReger Law Firm LLPRepresents Robert Scott Batchelargnr@obt.com · (409) 658-0674
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From the public court docket, contact details as filed; not an endorsement.
Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?
Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.
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