This page provides the answers to class members’ most frequently asked questions.
The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Pendency of Class Action and Proposed Settlement.
No, you are not being sued.
The lawsuit alleges that Defendants violated the Employee Retirement Income Security The lawsuit alleges that Defendants violated ERISA—the federal law that governs most retirement plans in the United States. The people who are pursuing the lawsuit (“Plaintiffs”) claim that Defendants should not have selected and maintained certain funds as investment options in the Plan and that the Plan paid higher recordkeeping and administrative fees than necessary. Plaintiffs also alleged that Defendants failed to monitor the Plan’s fiduciaries that had responsibility over the Plan’s recordkeeping and administrative fees.
Defendants deny the allegations in the lawsuit. They have asserted that their conduct was entirely proper and that they complied with all applicable laws. Defendants have asserted, and would assert if the lawsuit continues, a number of defenses to Plaintiffs’ claims.
You may communicate with them by writing to:
Class Counsel
Attn: Red Cross ERISA Settlement
Mark K. Gyandoh
Capozzi Adler P.C.
312 Old Lancaster Road
Merion Station, PA 19066
Julie S. Selesnick
BERGER MONTAGUE PC
2001 Pennsylvania Ave., NW, Suite 300
Washington, DC 20006
Natalie Lesser
BERGER MONTAGUE PC
Philadelphia, PA 19103
You do not have to hire your own lawyer because class counsel is working on your behalf.
You may obtain additional information by writing to:
Red Cross ERISA Settlement
P.O. Box 2007
Chanhassen, MN 55317-2007