Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Automatic Data Processing, Inc., ADP, LLC, and American Century Investments Services, Inc.

OKLAHOMA CITY--(BUSINESS WIRE)--Federman & Sherwood announces that on July 9, 2024, a class action lawsuit was filed in the United States District Court in the District of New Jersey against Automatic Data Processing, Inc. (Automatic), ADP, LLC (ADP) and American Century Investments Services, Inc. (ACI) (collectively, Defendants), Case No. 2:24-cv-07635. The Complaint alleges violations of federal securities laws, including Section 12(a)(2) and 15 of the Securities Act, Sections 10(b) and 20(a) of the Exchange Act, 29 U.S.C. § 1106, N.J.S.A. 49:3-71, Florida Deceptive and unfair Trade Practices Act (FDUTPA), including allegations that Defendants engaged in a course of business which operated as a fraud upon the purchasers of ADP’s Simple IRAs, during the Class Period, which is July 9, 2021 through July 9, 2024.

Plaintiff seeks to recover damages on behalf of all investors who purchased ADP’s Simple IRAs, during the Class Period. You may move the Court no later than Tuesday, September 17, 2024, to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995 (PSLRA).

If you want to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Tiffany Peintner
FEDERMAN & SHERWOOD
10205 North Pennsylvania Avenue
Oklahoma City, OK 73120
Email to: [e-mail]
Or, visit the firm’s website at www.federmanlaw.com