An investigation on behalf of former employees of JPMorgan Chase & Co. (NYSE:JPM), who are current or former participants in the JPMorgan Chase & Co. 401(k) Savings Plan, concerning potential Breaches of Fiduciary Duty was announced.
Former employees of JPMorgan Chase & Co. (NYSE:JPM), who participated in the JPMorgan Chase & Co. 401(k) Savings Plan at any time since 2011, have certain options and should contact the Shareholders Foundation, Inc. at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the investigation by a law firm under ERISA employees of JPMorgan Chase & Co. (NYSE:JPM), who are current or former participants in the JPMorgan Chase & Co. Employee Stock Ownership Plan, may be eligible to file a ERISA complaint for putting stock options at risk if they can prove their employer violated its fiduciary duty to them. More specifically, the investigation seeks to determine whether those responsible for selecting investment options for the plan selected certain mutual funds that were high-cost and underperforming.
JPMorgan Chase & Co. reported that its Net Income rose from over $24.44 billion in 2015 to over $24.73 billion in 2016.
Shares of JPMorgan Chase & Co. (NYSE:JPM) grew from $56.95 per share in January 2016 to as high as $89.70 per share on February 14, 2017.
Those who are former employees of JPMorgan Chase & Co. (NYSE:JPM), who participated in the JPMorgan Chase & Co. 401(k) Savings Plan at any time since 2011, have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com