Schlichter Bogard Reaches Preliminary Settlement on Behalf of PPL Retirement Plan Participants

As reported by Law360, Schlichter Bogard has reached a preliminary settlement on behalf of a certified class of participants enrolled in PPL’s retirement plan.

The Employee Retirement Income Security Act (ERISA) lawsuit, filed by Schlichter Bogard on behalf of PPL plan participants in January 2022, alleges that the Defendants breached their fiduciary duties by improperly monitoring certain invest options and selecting higher-cost shares of the funds.

For additional information about Schlichter Bogard‘s Retirement Practice, please contact us at 1-866-338-5043 or via email at contact@uselaws.com.