Fujitsu 401k Class Action Settlement
Class Eligibility
All participants and beneficiaries of the Fujitsu Group Defined Contribution and 401(k) Plan at any time on or after June 30, 2010 through September 30, 2017 including any Beneficiary of a deceased person who was a Participant in the Plan at any time during the Class Period, and any Alternate Payees in the case of a person subject to a Qualified Domestic Relations Order who was a Participant in the Plan at any time during the Class Period.
Estimated Amount
Varies
The Net Settlement Amount will be divided pro rata among eligible Class Members based on each eligible Class Member’s quarterly account balances during the Class Period. Account balances from the beginning of the Class Period through the third quarter of 2016 will be weighted at a rate of 10 times the dollar amount invested, and account balances from the fourth quarter of 2016 until the end of the Class Period will be weighted at a rate of 1 times the dollar amount invested. There are approximately 22,705 Class Members. Note that if you are an Alternate Payee pursuant to a Qualified Domestic Relations Order, your portion of the Settlement will be distributed pursuant to the terms of that order. If the dollar amount of a settlement payment to an authorized former participant is calculated to be $5 or less, then that authorized former participant will not be issued a settlement payment.
Proof of Purchase
N/A
Claim Form
Case Name
Jerry Johnson, et al. v. Fujitsu Technology and Business of America Inc., et al.,
Case No. 5:16-cv-03698
District Court for the Northern District of California
Case Summary
In the Class Action, the Class Representatives claim that Defendants failed to prudently control Plan costs and failed prudently to manage the Plan’s investments in the best interests of Plan participants and beneficiaries, and thereby breached fiduciary duties to the Plan and its participants and beneficiaries under Subchapter I, Subtitle B, Part 4 of ERISA. Defendants have denied and continue to deny the claims and contentions of the Class Representatives. Defendants also deny that they are liable at all to the Class, and deny that the Class or the Plan have suffered any harm or damage for which Defendants could or should be held responsible.
Settlement Pool
$14,000,000
Settlement Website
Deadline
04/13/18
Contact
Fujitsu Group Defined Contribution and 401(k) Plan Settlement Administrator
P.O. Box 2005
Chanhassen, MN 55317-2005
866-997-1382
Info@Fujitsu401kSettlement.com
I WOULD LOVE TO BE A PART OF THE LAW SUIT .
ADMIN – Hi Jennifer,
Carefully read the section titled class eligibility. If you qualify consider filing a claim.
I would love to be a part of the law suit.
ADMIN – Hi Tracey,
Cool, if you feel you are a member of the class; meaning you meet the criteria described under class eligibility by all means file a claim.
I would love to be apart of this law suit
ADMIN – Hi Takeila,
Use the link provided.
I want to file
ADMIN – Hi Yvonne,
Use the link provided and complete the form is you are a member of the class
I want to be part of this law suit
ADMIN – Hi Esther,
If you meet the requirements set forth under class eligibility consider filing a claim.
I would love to be a part of the law suit
ADMIN – Hi Esther,
Did you work for Fujitsu?
I was advised that I qualified for a rebate since I have been an active investor in Fujitsu 401k for many years including the period specified above. Why haven’t I received my settlement rebate.
Mary L Francis
2915 West Bwerwick
Claremore, Oklahoma
ADMIN – Hi Mary,
Have you contacted the class action administrator to ask?
I just found my Former Participant Claim Form which I mailed on January 25, 2018. Has this matter been resolved yet as I do not recall receiving a settlement check.
Sorry to hear that, Theresa, but we cannot answer your question. We are just a class action newspaper. You’ll have to contact the Settlement Administrator directly, if you haven’t already done so. The details are provided above; just scroll up. Thank you, and best of luck.