This page provides the answers to class members’ most frequently asked questions.
The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Pendency of Class Action and Proposed Settlement.
No, you are not being sued.
The lawsuit alleges that Defendants violated the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, 29 U.S.C. §1001, et seq., with respect to its management, operation, and administration of the Plans, by selecting and retaining the Northern Trust Focus Funds as investment options in the Plans and offering higher-cost share classes of the funds than were otherwise available for the Plans.
Defendants have denied and continue to deny the claims and contentions of the Class Representatives, that they are liable at all to the Class, and that the Class or the Plan have suffered any harm or damage for which Defendants could or should be held responsible. Defendants contend that they acted prudently and in keeping with their fiduciary responsibilities under ERISA, and in the best interests of the Plans’ participants.
You may communicate with them by writing to:
SCHLICHTER BOGARD LLC
Attn: PPL Employee Savings Plan, PPL Deferred Savings Plan, PPL Employee Stock Ownership Plan, and the LG&E and KU Savings Plan Settlement
100 S. Fourth St., Suite 1200
St. Louis, MO 63102
You do not have to hire your own lawyer because class counsel is working on your behalf. If you want your own lawyer, you can hire one. If you want to file your own case, you must ask to be excluded from the class action. To file a case, you must hire your own lawyer.
You may obtain additional information by writing to:
PPL 401(k) Settlement
P.O. Box 2007
Chanhassen, MN 55317-2007