Status of Settlement Distributions as of March 26, 2024:
The settlements with all three sets of defendants (KPC, Alerus and SPCP) have been approved by the Court. The transfer of the settlement monies from the Escrow
Account to the KPC ESOP will occur no later than March 27, 2024. Once the settlement monies are transferred to the KPC ESOP, settlement monies will be distributed
to class members (if they are eligible for an immediate distribution) or transferred to their KPC 401k plan account (if they are not eligible for an immediate
distribution) within 30 days.
If you have any questions, as a first step, please contact the settlement administrator by phone at
1-888-318-1014 or email at
KPCESOPSettlement@cptgroup.com. Calls to Class Counsel merely inquiring about the status of distribution slows down the attorneys’ ability to finalize the settlement and distribute payment to the Class.