J.P. Morgan Stable Value Fund ERISA Litigation

On April 4, 2012, The Law Offices of Michael M. Mulder along with several other law firms filed a class-action lawsuit on behalf of retirement investors against J.P. Morgan Chase & Co. and various other J.P. Morgan entities (collectively "JP Morgan") alleging that JP Morgan failed to prudently manage its Stable Value Funds including by investing in risky mortgage assets, and also intentionally misrepresented to 401(K) investors the relative safety of these Stable Value Funds in violation of federal law.

The complaint alleges that the JP Morgan entities violated their duties under the Employee Retirement Income Security Act of 1974 ("ERISA"). ERISA is a federal law that, among other things, defines the minimum duties owed by those who exercise control over covered retirement plan assets in order to protect retirement plan investors and their nest eggs.

The complaint, filed in the United States District Court for the Southern District of New York, demands that JP Morgan restores to the investors all losses incurred through the misuse of the plans' assets.

To learn more about your potential claims in this lawsuit, contact attorney Mike Mulder.

Plaintiffs filed a motion for class certification, and briefing was completed on June 26, 2015.