The class-action lawsuit, alleged that that the Jackson National insurance company profited illegally from selecting proprietary funds to be used in the defined contribution plan for retirement.
The class action lawsuit also claimed that the plan participants were disadvantaged as a result of these selections ,which violated the Employee Retirement Income Security Act.
Class Members in the Jackson National Erisa class action settlement who are current and former plan participants worked for the financial institution.
Not include: Class Member who (1) is no longer a participant in the Plan and (2) would otherwise be entitled to an amount of less than $25 from the Net Settlement Amount. Class Members who remain participants of the Plan are not subject to this restriction.
Proof of Purchase
Depending on the nature of your specific claim, you may need to provide supporting materials.
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Settlement Insider is not a Settlement Administrator).
Matthews Pease v. Jackson National Life Insurance Co., Case No. 1:17-cv-00284, in the U.S. District Court for the Western District of Michigan.
Settlement Website Status
Todd Schneider, Garrett W. Wotkyns and John J. Nestico of Schneider Wallace Cottrell Konecky Wotkyns LLP.