New Mexico 529 College Savings Plans Class Action
Santa Fe County First Judicial District Court
Case No. D-0101-CV-2009-02051
Keller Rohrback L.L.P. and Rothstein, Donatelli, Hughes, Dahlstrom, Schoenberg & Bienvenu, LLP are Counsel for the Certified Class in a class action lawsuit against the Education Trust Board of New Mexico and the Education Plan Trust of New Mexico (collectively, the “State”) for breach of contract involving its 529 college savings plans, known as the “Education Plan” and the “Scholars’ Edge Plan” (collectively, the “529 Plans”). The Complaint was filed in Santa Fe County First Judicial District Court. A related Complaint was filed against OppenheimerFunds.
Both cases settled for a total of $3.83 million and the New Mexico District Court has granted final approval to the settlements. The Settlement Administrator completed the distribution of the settlement funds.
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