This is not a solicitation from a lawyer, junk mail, or an advertisement. A court authorized the Notice. Please read the Notice carefully
If you received a notice advising you of the Settlement of Iannone, et al., v. Autozone, Inc., et al., Case No. 2:19-cv-02779-MSN-tmp (W.D. TN.) (the “Action”), a class action lawsuit brought by Michael Iannone and Nicole James (“Plaintiffs”) on behalf of themselves, the AutoZone, Inc. 401(k) Plan (the “Plan”), and the Members of the Settlement Class described below against Defendants Northern Trust Corporation and Northern Trust Investments, Inc. (“Northern Trust”) (collectively with Plaintiffs, the “Settling Parties”), you may be entitled to receive compensation under the terms of this Settlement. Plaintiffs sued other Defendants in this lawsuit but have not reached a settlement with them. Thus Northern Trust and the Plaintiffs are deemed the “Settling Parties”.
As of today’s date, Class members’ claims are still pending against
Defendant AutoZone, who is not a party to this Settlement.
The Action was brought under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Settlement releases Northern Trust and related parties from any claims filed against it in the Action. AutoZone is not a party to the Settlement. The terms and conditions of the Settlement are set forth in a Settlement Agreement (the “Settlement Agreement”). Capitalized terms used in the notice but not defined in the notice have the meanings assigned to them in the Settlement Agreement. The Settlement Agreement and additional information with respect to the Action and the Settlement are available in the Court Documents section on this settlement website (link) or by contacting Class Counsel as described below.
Plaintiffs and Northern Trust have agreed to settle this case for $2,500,000 (the “Settlement Amount”). The Court has preliminarily approved the Settlement, which provides for allocation of Settlement funds to Members of the Settlement Class. Each Class Member shall receive an equal payment of the Settlement Amount, after deducting all Court awarded fees and costs.
YOUR LEGAL RIGHTS WILL BE AFFECTED WHETHER OR NOT YOU TAKE ANY ACTION. READ THE NOTICE CAREFULLY. PLEASE DO NOT CONTACT NORTHERN TRUST, AUTOZONE, OR THE COURT. THEY WILL NOT BE ABLE TO ANSWER YOUR QUESTIONS.
Please read the notice carefully.
| YOUR LEGAL RIGHTS AND OPTIONS | |
| You can do nothing. (No action is necessary to receive an allocated payment.) | If the Settlement is approved by the Court and you are a Member of the Settlement Class entitled to a payment under the Plan of Allocation, you do not need to do anything to receive a payment. |
| You can submit an objection. (It must be mailed and postmarked by October 31, 2024.) | If you wish to object to any part of the Settlement, you may write to the Court and the Parties’ counsel and explain why, as described below. |
| You can appear and speak at the Fairness Hearing on November 21, 2024. | If you submit a written objection to the Settlement before the Court-approved deadline and a notice of intent to appear (as described in the Notice), you may (but do not have to) speak in Court about the fairness of the Settlement. |