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

Federman & Sherwood announces that on January 16, 2024, a class action lawsuit was filed in the United States District Court for the Middle District of Florida against Automatic Data Processing, Inc. (ADP), and American Century Investments Services, Inc. (ACI) (collectively, Defendants). The Complaint alleges violations of federal securities laws, including Section 11, 12(a)(2), 15(a), 15(c), and 20(a) of the Securities Exchange Act of 1934, N.J.S.A. 49:3-52 and 49:3-56, Florida Deceptive and unfair Trade Practices Act (FDUTPA), Fla. Stat. 501.201, et seq., Fla. Stat. 517.311, and Fla. Stat. 517.12., 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 January 16, 2021 through January 16, 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 Monday, April 29, 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:


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