Benefits Law360 provides breaking news and analysis on employee benefits and executive compensation law. Coverage includes benefits-related litigation — including Employee Retirement Income Security Act suits and tax and compliance issues over executive compensation — as well as legislative and regulatory activity.
Eleven firms are set to steer five initial public offerings that could exceed $1.5 billion during the week of March 18, featuring a private equity-backed software firm, iconic jeans maker Levi Strauss & Co. and blank check companies hunting for acquisitions as a busy spring dawns.
The Seventh Circuit on Friday reversed a decision that the federal parsonage housing tax exemption was unconstitutional because, it said, the provision is neutral toward religion and violates neither the free exercise nor the establishment clause of the U.S. Constitution.
The last week has seen a commercial fraud claim filed against the founders of now-defunct sports marketing giant MP & Silva, Kuwait's social security agency sue several Swiss banks and its former head, and AXA lodge an action against the company behind Admiral Insurance. Here, Law360 looks at those and other new claims in the U.K.
U.S. Senators Sherrod Brown, D-Ohio, and Rob Portman, R-Ohio, introduced legislation on Friday that would amend the Multiemployer Pension Reform Act of 2014 to give workers and retirees a greater voice when facing cuts to their pension benefits.
Northwestern University has urged the Seventh Circuit to uphold its win in a proposed Employee Retirement Income Security Act class action, saying an Illinois federal judge properly tossed claims that the school's retirement plan failed to drop underperforming investment options and offered too many funds to choose from.