AME Church Employee Retirement Fund Litigation
The causation theory in MDL-3035 involves allegations of negligent management, breaches of fiduciary duty, and financial misconduct by the defendants, including the AME Church and associated entities. These acts are alleged to have led to significant financial losses for the retirement fund participants. The case centers on acts of mismanagement, failure to oversee the fund properly, and breaches of fiduciary duties, which resulted in depletion or improper handling of retirement assets.
6
Pending actions
6
Total actions filed
Active
Status
06/02/2022
Established
Filing deadline
No specific filing deadlines or statutes of limitations have been publicly disclosed or documented for this case.
Who qualifies
Participants or beneficiaries of the AME Church Ministerial Retirement Annuity Plan who suffered financial losses due to alleged mismanagement and breaches of fiduciary duty during the relevant period, with eligibility confirmed as of June 30, 2021. Individuals must not have been named as defendants and are eligible for automatic inclusion unless they opt out.
Products involved
- N/A (financial products and funds)
Alleged injuries
- Financial losses to retirement fund participants due to mismanagement and breach of fiduciary duties.
Bellwether trials
No bellwether trials have been scheduled or conducted for MDL-3035 as of the latest available information. There are no publicly reported outcomes of bellwether trials or related proceedings.
Settlement landscape
The settlement amount is approximately $60 million, approved in August 2025. Eligible class members will receive payments unless they opt out. The settlement aims to restore earned retirement funds and resolve claims of mismanagement and fiduciary breaches.
Lead counsel
- Bruce A. McMullen (Milberg)
- Other attorneys listed in the court order, including members of the Plaintiffs' Steering Committee
This page is generated from the official JPML pending-MDL report and public court records, refreshed monthly. It is provided for attorney reference and is not legal advice.
