Investors In ERISA Dispute With JP Morgan Seek Approval Of $75M Cash Settlement

Mealey's (November 13, 2017, 3:42 PM EST) -- NEW YORK — Eight out of 12 investors who participated in various 401(k) retirement plans and allocated a portion of their retirement savings through those plans to certain stable value funds sold and/or managed by J.P. Morgan Chase & Co. (JPMC) on Nov. 3 moved for preliminary approval of a $75 million cash settlement over their claims that JPMC violated the Employee Retirement Income Security Act (In re J.P. Morgan Stable Value Fund ERISA Litigation, No. 12-2548, S.D. N.Y.)....