Frequently Asked Questions

 The following are “Frequently Asked Questions” about the settlement.

If you do not find an answer to your question here:

  • Documents such as the Settlement Agreement can be found by clicking here
  • You can write the Settlement Administrator at the address listed here
What is this lawsuit about?

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. The Defendants deny all claims and assert that they have always acted prudently and in the best interests of participants and beneficiaries. Deutsche Bank believes the Plan provides a generous benefit.

The Notice you received summarizes the proposed Settlement. For the precise terms and conditions of the Settlement, review the Settlement Agreement and other court documents, available here.

How much money will I get?

The amount, if any, that will be allocated to you will be based upon records maintained by the Plans’ recordkeepers. To receive a distribution from the Net Settlement Amount, you must either be a (1) “Current Participant” (2) an “Authorized Former Participant” who submitted a completed, satisfactory Former Participant Claim Form by the deadline.

The Net Settlement Amount will be divided pro rata among Class Members based on each eligible Class Member’s weighted account balance invested in Disputed Investments during the Class Period.

For purposes of determining each Class Member’s weighted balance, account balances in Deutsche Bank Mutual Funds will be weighted at a rate of 3 times the dollar amount invested, and account balances in Non-Deutsche Bank Mutual Funds will be weighted at a rate of 1 times the dollar amount invested. There are approximately 34,700 Class Members. Note that if you are an Alternate Payee pursuant to a Qualified Domestic Relations Order, your portion of the Settlement will be distributed pursuant to the terms of that order.

What do I need to do?

Whether you need to submit a claim form to receive your distribution depends on whether you are considered a “Current Participant” or a “Former Participant.”

If the notice you received describes you as a Current Participant, you do not need to anything to receive your share of the Settlement.

If the notice you received describes you as a Former Participant, you will need to fill out the Claim Form that was mailed to you and mail it back by February 1, 2019.

When will I receive my money?

The timing of the distribution of the Net Settlement Amount is conditioned on several matters, including the Court’s final approval of the Settlement and any approval becoming final and no longer subject to any appeals in any court. An appeal of the final approval order may take several years. If the Settlement is approved by the Court, and there are no appeals, the Settlement distribution likely will occur within six months of the Court’s Final Approval Order. There will be no payments under the Settlement if the Settlement Agreement is terminated.

This website will be updated with status as available.

Do I have a lawyer in this case?

Yes, class members are represented by Nichols Kaster, PLLP. Their contact information is included here.

The lawyers will be paid from the settlement amount if approved, so you will not be charged personally for their work on the case. If you want to be represented by your own lawyer, you may hire one at your own expense.

When will the Court decide if my payment is approved?

The Court will hold a Fairness Hearing at 11:00 a.m. on February 28, 2019, at the Thurgood Marshall United States Courthouse, 40 Foley Square, New York, NY, 10007, in Courtroom 1106. At the Fairness Hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate. The Court also will consider the motion for Attorneys’ Fees and Costs, Administrative Expenses, and Class Representatives’ Compensation. If there are objections, the Court will consider them then.

What if I have more questions?

You may call the Settlement Administrator toll-free at 1-866-256-5912. You may also email them at Info@Deutsche401KSettlement.com and your inquiry will be responded to as quickly as possible.