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PPL 401(k) Settlement

Binder, et al. v. PPL Corporation, et al.
No. 5:22-cv-00133 (E.D. Pa.)

The Court has given its preliminary approval to a proposed settlement (the “Settlement”) of a class action lawsuit brought by certain participants in the PPL Employee Savings Plan, PPL Deferred Savings Plan, PPL Employee Stock Ownership Plan, and the LG&E and KU Savings Plan (the “Plans”) alleging violations of the Employee Retirement Income Security Act (“ERISA”).

Your rights might be affected if you are a member of the following class:

All participants in the PPL Employee Savings Plan, PPL Deferred Savings Plan, PPL Employee Stock Ownership Plan, and LG&E and KU Savings Plan from January 12, 2016 through June 30, 2020, who invested in a Northern Trust Focus Fund target date fund through an individual Plan account, and their beneficiaries, excluding Defendants.

Dkt 1:
Complaint