Status: closed
Deutsche Bank Americas Holding Corp (401(k) plan)
Defendant: Deutsche Bank Americas Holding Corp
Source: https://news.bloomberglaw.com/employee-benefits/deutsche-bank-inks-219m-deal-to-end-401-k-fee-class-action-1
Deutsche Bank Americas Holding Corp. agreed to a $21.9 million settlement over claims that it mismanaged its employees’ retirement savings by offering an in-house 401(k) plan that had excessive fees and poor investments options. Deustche Bank Matched Savings Plan participants and beneficiaries whose individual accounts were invested in the disputed investments between December 21, 2009 and August 14, 2018 may be eligible for payment. The case is Moreno v. Deutsche Bank Am. Holding Corp., E.D.N.Y., No. 1:15-cv-09936.