Jones Financial Companies LLLP – ‘8-K’ for 10/4/07

On:  Thursday, 10/4/07, at 5:19pm ET   ·   For:  10/4/07   ·   Accession #:  1068800-7-1458   ·   File #:  0-16633

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3     17K 
 2: EX-10.1     Material Contract                                     32    107K 
 3: EX-10.2     Material Contract                                     53    157K 

8-K   —   Current Report
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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  

WASHINGTON, DC 20549  

FORM 8-K  

CURRENT REPORT PURSUANT 
TO SECTION 13 OR 15(d) OF THE   
SECURITIES EXCHANGE ACT OF 1934 

Date of report: October 4, 2007 
(Date of earliest event reported: September 28, 2007)   

The Jones Financial Companies, L.L.L.P. 
--------------------------------------- 
(Exact Name of Registrant as Specified in Its Charter)  

Missouri                   0-16633                   43-1450818 
 -----------------            --------------          ----------------------
(State or Other              (Commission                (IRS Employer   
Jurisdiction of              File Number)            Identification No.)
Incorporation)                                                        

12555 Manchester Road, St. Louis, Missouri                63131-3729      
--------------------------------------------              ------------      
(Address of Principal Executive Offices)                 (Zip Code)     

(314) 515-2000  
------------------------------------------  
(Registrant's Telephone Number, Including Area Code)  

       Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of     
the following provisions (see General Instruction A.2. below):                  

  | | Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)                                              
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)                                           
 | | Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))                            
 | | Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))                            

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ITEM 1.01.     ENTRY INTO MATERIAL DEFINITIVE AGREEMENTS                        

      On September 28, 2007, Edward D. Jones & Co., L.P. ("Edward Jones"),
a subsidiary of The Jones Financial Companies, L.L.L.P., ("the Partnership")    
entered into definitive settlement agreements (the "Settlement Agreements")     
related to several class action lawsuits filed against Edward Jones pending in  
the United States District Court for the Northern District of California and    
the United States District Court for the Western District of Pennsylvania. The  
parties executed and filed formal stipulations with the United States District  
Court for the Northern District of California and the United States District    
Court for the Western District of Pennsylvania on September 28, 2007. An        
amended stipulation was filed in the United States District Court for the       
Western District of Pennsylvania on October 4, 2007. The settlement agreements  
are subject to preliminary and final court approval.                            

       In general, each of these cases alleged that Edward Jones: (1) failed
to pay overtime; (2) improperly made wage deductions; (3) failed to properly    
reimburse business-related expenses; and (4) failed to provide meal and rest    
breaks under state or federal law to individuals employed as Edward Jones       
Investment Representatives, Financial Advisors, and/or salaried or              
commissioned Financial Advisor Trainees in the United States during the         
relevant class periods. While the defendant denies these allegations, the       
Settlement Agreements with the plaintiffs and putative classes in the class     
actions (the "Settlement Classes") provide for the release of all claims,       
debts, and causes of action related to unpaid overtime, wage deductions,        
reimbursement of business-related expenses, penalties, meal and rest break      
damages, frequency of pay, wage statements, manner of payment, record keeping,  
and other relief arising from such matters.                                     

       There are two Settlement Agreements: the first resolves the claims of
a California Class and the second resolves the claims of individuals in all     
states except California (i.e. the Non-California Class). The Settlement        
Classes provided for by these Agreements will consist of all individuals who    
are (or were) employed by Edward Jones in the position of Financial Advisor,    
a/k/a Investment Representative and/or salaried or commissioned Financial       
Advisor Trainee in the United States during the relevant class periods,         
including any limited partners who hold such positions, and all current and     
former general partners who were in such positions during the class periods     
for the time period before they became general partners. The class periods are  
as follows: California at any time between October 20, 2001 and the date of     
preliminary approval, Pennsylvania at any time between March 16, 2003 and the   
date of preliminary approval, Ohio at any time between November 27, 2003 and    
the date of preliminary approval, New York at any time between December 11,     
2000 and the date of preliminary approval, and all other states at any time     
between August 16, 2003 and the date of preliminary approval.                   

      Edward Jones agreed to pay $21.0 million to settle the claims of the
California Class (the "California Fund") and up to a maximum of $19.0 million   
to settle claims of the Non-California Class (the "Non-California Fund"). The   
California Fund, including all interest thereon, shall be a common fund that    
will not be the separate property of Edward Jones and will not revert to        
Edward Jones, from which all claims of the California Class, as well as         
attorney's fees, litigation expenses, enhancements and claims administration    
fees and costs associated with the California Class shall be paid. The          
Non-California Fund will be made on a claims-made basis with unclaimed funds    
to remain the property of Edward Jones. The Non-California Fund will include    

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attorney's fees, litigation expenses, enhancements, administrative costs, and   
any other fees or costs associated with the settlement. The cost of the         
settlements will be charged against previously established legal expense        
accruals and will not have any impact on the Partnership's 2007 financial       
results.                                                                        

Forward-Looking Statements                                                      

      Certain statements in this Form 8-K are "forward-looking statements"
within the meaning of U.S. federal securities laws. Edward Jones intends that   
these statements be covered by the safe harbors created under these laws.       
These forward-looking statements include, but are not limited to, statements    
about the ultimate approval or timing of the approval of the Settlement         
Agreements. These forward-looking statements are subject to risks,              
uncertainties, and other factors that could cause actual results to differ      
materially from future results expressed or implied by the forward-looking      
statements. Many of these factors and events are beyond Edward Jones' ability   
to control or predict. Given these uncertainties, readers are cautioned not to  
place undue reliance on the forward-looking statements, which only speak as of  
the date of this Form 8-K. Edward Jones does not undertake any obligation to    
release publicly any revisions to these forward-looking statements to reflect   
events or circumstances after the date of this Form 8-K or to reflect the       
occurrence of unanticipated events, except as may be required under applicable  
securities laws.                                                                

Item 9.01.  Financial Statements and Exhibits.                                  
---------------------------------------------                                   

(d)  Exhibits                                                                   

Exhibit Number  Description of Exhibit                                          
--------------  ----------------------                                          

10.1            Joint Stipulation of Class Action Settlement and Release dated  
            September 28, 2007 filed in the United States District Court
for the Northern District of California         

10.2            Amended Joint Stipulation of Class Action Settlement and        
        Release dated October 4, 2007 filed in the United States
        District Court for the Western District of Pennsylvania,
Johnstown Division                              

SIGNATURES  

      Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the    
undersigned hereunto duly authorized.                                           

                                          THE JONES FINANCIAL COMPANIES,
                    L.L.L.P.

Date: October 4, 2007                   By:   /s/ Steve Novik                   
                                           -------------------------------
                             Name: Steve Novik
                                          Title: Chief Financial Officer

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on / For Period End:		10/4/07		1		3
		9/28/07		1		3			10-Q
		11/27/03		2
		8/16/03		2
		3/16/03		2
		10/20/01		2
		12/11/00		2
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