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401(k)

Duke Energy

Johnson v. Duke Energy Corporation, et al.
Case No. 3:20-CV-00528 (W.D.N.C)

THIS IS AN ADVERTISEMENT FOR LEGAL SERVICES

On September 23, 2020, we filed a lawsuit on behalf of participants in the Duke Energy Retirement Savings Plan (the “Plan”). The lawsuit alleges that the Plan’s fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by failing to act prudently or in the interest of the Plan’s participants and beneficiaries. 

Among other things, the lawsuit alleges that Defendants breached their fiduciary duties by charging excessive fees for administrative services. We are also investigating whether participants who utilized the Plan’s self-directed brokerage account option were shortchanged due to excessive fees and the failure to offer lower-cost, institutionally-priced investments. Though the suit has been filed, we are looking for additional individuals to potentially participate in the case. If you believe you may have been shortchanged as a result of the alleged mismanagement of the Plan, please contact Sean Kelly, our Class Action Clerk, by phone at (612) 256-3275 or by email at skelly@nka.com.

The lawsuit seeks to recover the Plans’ financial losses and other equitable relief. For a copy of the Complaint, click here.

Type of Case

ERISA Violations

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