THE LOUISIANA FIREFIGHTERS’ RETIREMENT SYSTEM ET AL.
V. NORTHERN TRUST INVESTMENTS, N.A. ET AL. WEBSITE
On January 11, 2017, the Court granted final approval of the settlement of the “Direct Lending” claims asserted in this class action litigation (the “Settlement”). The Settlement provides for a cash payment of $4,250,000, and resolves all remaining claims asserted in this action.
The entities included in the Class that was certified by the Court are:
all entities that are not governed by ERISA (notwithstanding any incorporation of an ERISA standard of care or other ERISA standards into any such entity’s applicable contracts with Northern Trust) and that directly invested or maintained investments or assets during the Class Period (i.e., the period beginning September 14, 2008 through and including December 31, 2010) in any of the Core Pools, except for certain entities are excluded from the Class by definition.
As set forth in the Settlement Notice, the identified Class Members do not need to submit a claim form or take any other action in order to be eligible to receive a payment from the Settlement proceeds.