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.

If you believe you are a class member in the settlement and have any questions relating to the settlement, please visit the settlement website at www.jpmsvfclassaction.com or call the settlement administrator at 1-844-877-5911. The settlement notices and other court documents relating to the settlement are available at www.jpmsvfclassaction.com.

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