In re: J.P. Morgan Stable Value Fund ERISA Litigation
JPM Stable Value Fund Litigation Settlement
Case No. 1:12-cv-02548-VSB

Welcome to the JPM Stable Value Fund Litigation Settlement Website

If you were a participant or beneficiary in your employer’s 401(k) retirement savings plan through which you were invested at relevant times in certain JPMorgan stable value funds, you may be eligible for a payment from this Class Action Settlement.

What is this lawsuit and Settlement about?

A proposed Settlement has been reached in a class action brought by certain individuals whose 401(k) plan accounts included investments in the JPMorgan stable value funds. The action is entitled In re: J.P. Morgan Stable Value Fund ERISA Litigation, Case No. 1:12-cv-02548-VSB (the "Action"), currently pending before the Honorable Vernon S. Broderick in the United States District Court for the Southern District of New York.  The Court has given its preliminary approval to the Settlement.

 

The Plaintiffs brought the Action alleging violations of the Employee Retirement Income Security Act ("ERISA") concerning the way Defendants JPMorgan Chase & Co. and other JPMorgan entities ("JPMorgan”) managed the Class Members’ 401(k) plan investments that were allocated to certain JPMorgan stable value funds.  JPMorgan denies all claims and nothing in the Settlement is an admission or concession on JPMorgan’s part of any fault or liability whatsoever.

 

Who is included in the Settlement?

The Court certified a class and three subclasses of individuals who were participants or beneficiaries in their employers’ 401(k) plans and had some of their investments allocated to a stable value fund managed by JPMorgan during the class periods.  You may review the complete class and subclass definitions by clicking here.

 

If you believe you are a Class Member, you should read the applicable Settlement Notice carefully because your legal rights are affected whether you act or do not act.  

Your Legal Rights and Options

ACTION EXPLANATION DUE DATE
DO NOTHING If you are a Current Participant and you do nothing, you will be included in the Settlement. If you are a Former Participant or a Potential Participant and you do nothing, you will get no payment, and you give up rights to ever sue JPMorgan about the legal claims in this Action. See FAQ 17.  
SUBMIT A CLAIM FORM

(IF YOU ARE A FORMER PARTICIPANT OR POTENTIAL PARTICIPANT)
Submitting a Valid Claim Form is the only way to get a payment from the Settlement. See FAQ 8. July 9, 2019 (Received)
EXCLUDE YOURSELF You will receive no payment from the Settlement. You will not be bound by the terms of the Settlement. This is the only option that allows you to ever be a part of any other lawsuit against JPMorgan about the legal claims in the Action. See FAQ 10. July 9, 2019 (Received)
OBJECT Write to the Court about why you do not like the Settlement. See FAQ 13. July 9, 2019 (Received)
FILE A NOTICE OF INTENT TO APPEAR AT THE FAIRNESS HEARING You or your attorney may ask the court for permission to speak at the Fairness Hearing. See FAQ 16. July 9, 2019 (Filed By)
ATTEND THE FAIRNESS HEARING You may attend the Fairness Hearing at your own expense but you are not required to do so. See FAQ 14. September 6, 2019 at 11:00 a.m., Eastern

U.S. District Court,
Southern District of New York
40 Foley Square, Courtroom 518
New York, NY 10007

For More Information

Visit this website often to get the most up-to-date information.

Mail

JPM Stable Value Fund Litigation
c/o JND Class Action Administration
P.O. Box 91324
Seattle, WA 98111-9424