Biogen Inc $9.75 Million Settlement: See If You Qualify

Did you receive Biogen Inc $9.75 Million Settlement email? It is not a scam. You received the mail because you filed a claim.

here’s the scoop – Biogen Inc. is paying out a hefty $9.75 million in a class action settlement. Why? Well, they got themselves into hot water for how they handled their employee 401(k) program. Accusations were flying that they broke some federal laws, and now they’re paying the price.

Who Is Eligible For The Biogen Inc $9.75 Million Settlement

it includes anyone who had a piece of Biogen Inc.’s 401(k) program from July 14, 2014, up to August 31, 2023. That’s a pretty wide net they’ve cast.

Now, what’s Biogen in trouble for? They’re in the hot seat for not being straight about the costs and risks tied to their investment options in the 401(k), letting folks get hit with high charges, and giving the green light to investments that didn’t perform too well. Basically, they’re accused of breaking some rules under the Employee Retirement Income Security Act of 1974 (ERISA).

How Much Is The Settlement

Here’s the deal – the settlement admin is going to dish out scores to all the current and former participants based on their account balances at the end of each year. Then, they’ll do some math to figure out how much each person gets, depending on that score. It’s a bit like a scoring system to divvy up the settlement.

How To File A Claim

If you are eligible, fill out a valid claim form before the deadline Dec. 29, 2023.

Click here to fill out a form.

Conclusion

In re: Biogen Inc. ERISA Litigation, Case No. 1:20-cv-11325-DJC, Is not a scam. Just like Spartan mosquito false advertising settlement, Biogen Inc. is paying out a hefty $9.75 million in a class action settlement. Why? Well, they got themselves into hot water for how they handled their employee 401(k) program. Accusations were flying that they broke some federal laws, and now they’re paying the price.