Deutsche 401(k) Settlement

Moreno, et al. v. Deutsche Bank Americas Holding Corp., et al.,
Case No. 1:15-CV-09936 (S.D.N.Y.)

More Information

Important Court Ordered Notice

The Court caused this Settlement Notice to be sent to you because our records indicate that you may be a Class Member. If you fall within the definition of the Class, you have a right to know about the Settlement and about all of the options available to you before the Court decides whether to give its final approval to the Settlement. If the Court approves the Settlement, and after any objections and appeals are resolved, the Net Settlement Amount will be allocated among Class Members according to a Court-approved Plan of Allocation.

In the Class Action, the Class Representatives claim that Defendants failed to prudently and loyally manage the Plan’s investment lineup in the best interest of participants and beneficiaries, gave an improper preference to investment options managed by companies affiliated with the Plan’s sponsor, (Deutsche Bank Americas Holding Corp.), and failed to prudently monitor the Plan’s recordkeeper.

These are your rights and options:

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT DEADLINE
Current Participants: If you received a notice indicating you are a current participant, you do not need to do anything to receive your share of the Net Settlement Amount.
Former Participants: If you received a notice indicating you are a former participant, you must mail a Former Participant Claim Form postmarked on or before February 1, 2019 to receive your share of the Net Settlement Amount. If you do not mail the Former Participant Claim Form postmarked on or before February 1, 2019, you will forfeit your share of the Net Settlement Amount. Deadline to Submit a Former Participant Claim Form: Postmarked on or before February 1, 2019
You May Object and/or Ask to Speak at the Hearing: Class members may write to the Court about why they don’t believe the settlement is fair. The Court will consider the objections in deciding whether to approve the settlement.

Specific instructions on how to object to and/or notify the Court of your intention to appear at the hearing and the deadlines to do so are available here.

Deadline to File Objection and/or Notice of Intention to Appear with the Court:
January 17, 2019