J.P. Morgan Stable Value Fund ERISA Litigation - Settlement Reached

The Law Offices of Michael M. Mulder is co-lead counsel for a class of workers who invested their retirement savings in J.P. Morgan stable value products.  The complaint alleges that J.P. Morgan violated federal law when it failed to prudently manage its stable value funds, for example, by investing in risky mortgage assets.  J.P. Morgan accordingly violated its fiduciary duty to the class.

On November 3, 2017, the parties entered into a settlement agreement for $75 million. On September 23, 2019, the U.S. District Court for the Southern District of New York entered a Final Order Approving the Class Action Settlement, allowing for distribution of the settlement funds to the class.

To learn more about this lawsuit, contact attorney Mike Mulder.