Benefits

  • April 02, 2024

    Mattel Used Forfeited 401(k) Funds For Itself, Suit Says

    Mattel unlawfully utilized former workers' forfeited 401(k) funds to cover its retirement plan contributions rather than offsetting millions of dollars in expenses paid by plan participants, according to a proposed class action filed in California federal court.

  • April 02, 2024

    9th Circ. Urged To Keep Live Nation 401(k) Suit In Court

    Ex-workers for Live Nation urged the Ninth Circuit on Tuesday to allow in-court proceedings for a suit alleging an employee 401(k) plan was mismanaged, arguing a lower court shouldn't have enforced an arbitration provision in retirement plan documents when individual plan participants did not consent.

  • April 02, 2024

    $40M Union Pension Dispute To Head Back To Arbitrator

    A Michigan federal judge stood firm on his decision to send a roughly $40 million dispute between a demolition company and a union pension fund back to an arbitrator, rejecting the company's bid for him to reconsider his opinion.

  • April 02, 2024

    SelectQuote Beats Investor Suit Over Revenue Reports

    A New York federal judge has dismissed a lawsuit by investors of insurance distribution platform SelectQuote accusing it of reporting inflated revenue, saying the defendants' forward-looking projections are protected by the safe harbor of securities laws.

  • April 02, 2024

    Public Gets More Time To Comment On Secure 2.0 Disclosure

    Government agencies tasked with reviewing the reporting and disclosure requirements for employee retirement plans said Tuesday that they'll be extending the deadline for comments on how these processes could be improved, a goal established under retirement plan incentive package Secure 2.0.

  • April 02, 2024

    Ex-Trustees Urge Ga. High Court To Take On Legal Fee Spat

    Former trustees of a furniture tycoon's trust have asked the Georgia Supreme Court to rule that the trust has a duty to defend them against claims from the trust beneficiaries, arguing that this "appeal has implications for every indemnitee/insured" in the state.

  • April 02, 2024

    Unum Beats Ex-Hogan Lovells Atty's Disability Fight

    A Maryland magistrate judge has handed Unum Life Insurance Co. of America a win in an Employee Retirement Income Security Act lawsuit brought by a former Hogan Lovells attorney who claimed she was wrongly denied long-term disability benefits for her fibromyalgia, chronic fatigue and abdominal and joint pain.

  • April 02, 2024

    Emirates Can't Sink COVID-19 Severance Suit

    A New York federal judge refused to toss a proposed class action alleging the airline Emirates withheld severance from American workers after they were furloughed and then let go during the COVID-19 pandemic, ruling the employees showed they may have been owed extra money.

  • April 02, 2024

    DOL Narrows Retirement Asset Manager Exemption

    The U.S. Department of Labor unveiled a final regulation Tuesday making it tougher for investment managers with serious misconduct on their records to handle Employee Retirement Income Security Act-covered retirement plans, broadening an ineligibility clause that previously only covered criminal convictions.

  • April 01, 2024

    Inotiv Can't Toss Investor Suit Over Feds' 'Puppy Mill' Probe

    Medical research services provider Inotiv Inc. must face a proposed investor class action accusing it of failing to disclose that subsidiaries it acquired had come under investigations by the U.S. Department of Justice for animal welfare and smuggling violations, an Indiana federal judge ruled while lamenting the "appalling" mistreatment of beagles that investigators had found.

  • April 01, 2024

    Milliman Lost 401(k) Funds On Unproven Strategy, Judge Told

    Milliman's risky investments cost its employees' retirement plan more than $50 million and were part of a failed "experiment" to benefit its own bottom line, a class of employees told a Washington federal judge on Monday, kicking off a bench trial seeking to recover their losses.

  • April 01, 2024

    Catching Up With Delaware's Chancery Court

    Last week, Delaware's Court of Chancery saw a $42.5 million settlement, dismissal of two big suits with two more remanded back, and new cases from shareholders of Walt Disney, Donald Trump's Truth Social, Rivian Automotive and BarkBox.

  • April 01, 2024

    AIG Unit Can't Toss Conn. Utility's $3M Defense Cost Bid

    An AIG unit can't escape the Connecticut Municipal Electric Energy Cooperative's third-party suit seeking to recoup $3 million in legal expenses, a Connecticut federal court ruled, saying the cooperative has standing to pursue coverage on behalf of its former CEO who was convicted of stealing public funds.

  • April 01, 2024

    Bankrupt Coal Co.'s Affiliates Beat $6.5B Union Pension Suit

    A bankrupt coal company's affiliates have dodged claims that they owe $6.5 billion to a union pension plan, with a Washington, D.C., federal judge holding that the plan's trustees lacked standing to sue under the Employee Retirement Income Security Act because one trustee wasn't properly appointed.

  • April 01, 2024

    MassMutual Escapes Ex-Worker's 401(k) Mismanagement Suit

    A Massachusetts federal judge tossed a former MassMutual worker's suit claiming the life insurance and investment company mismanaged its workers' $4.1 billion retirement plan, ruling that her claims were either time-barred or lacked adequate details.

  • April 01, 2024

    Cigna Can't Escape Patients' ERISA Fight Over Claim Rates

    A Connecticut federal judge agreed to trim a federal benefits lawsuit against Cigna alleging the company underpaid claims from providers who indirectly contracted with the insurer, finding allegations from participants in employer-sponsored health plans could proceed to discovery but that several medical associations lacked standing to sue.

  • April 01, 2024

    Aramark Accuses Aetna Of 'Gamesmanship' In Benefits Fight

    Aramark said Aetna sued it over an arbitration pact in Connecticut as a tactical response to Aramark's Texas suit claiming the insurer cost it millions by approving shoddy health benefit claims, and urged a federal judge to ship Aetna's suit to Texas as well.

  • April 01, 2024

    Fed. Circ. Wary Of Defense Co.'s Late $19.4M Pension Claim

    The Federal Circuit appeared skeptical Monday of an aviation defense company's attempt to revive pension claims against the federal government, as judges on the panel questioned the implications of reviving a claim outside the six-year statute of limitations.

  • March 29, 2024

    Petition Watch: Off-Label Ads, Retiree Discrimination & PPE

    A Utah attorney has asked the U.S. Supreme Court to determine whether allegedly retaliatory IRS summonses can be quashed, and two former pharmaceutical executives are challenging the constitutionality of their convictions for marketing the off-label use of a drug. Here, Law360 looks at recently filed petitions that you might've missed.

  • March 29, 2024

    Hogan Lovells Vet's High Court Debut A Study In Contrasts

    Several weeks ago, when a Hogan Lovells lawyer finally delivered U.S. Supreme Court arguments after 20 years at the firm, she parsed arcane arbitration issues and her words weren't widely heard outside the courtroom. But weeks later and back at the high court podium, her words were heard nationwide when she pointedly spotlighted a judge's use of "anonymous blog posts" in a bombshell abortion ruling.

  • March 29, 2024

    BP Hid Negative Effects Of Pension Changes, Judge Says

    A Texas federal judge sided with a class of over 7,000 BP retirees who alleged that the oil giant meddled with their pension plans and underpaid their retirement benefits, finding that BP touted the changes to the plan as positive while unlawfully hiding more detrimental information.

  • March 29, 2024

    Home Depot Asks High Court To Block $2.67B BCBS Deal

    Home Depot has asked the U.S. Supreme Court to take up its challenge of a $2.67 billion settlement in antitrust litigation targeting Blue Cross Blue Shield, saying the deal immunizes activity that hurts competition.

  • March 29, 2024

    Retirement Advisers Back Biden Admin's ESG Rule In 5th Circ.

    Supporters of a Biden administration rule allowing retirement advisers to consider environmental, social and governance issues when making decisions for clients rose to defend the policy in the Fifth Circuit, arguing the move aligns with fiduciary duties to minimize risks and maximize returns for clients.

  • March 29, 2024

    Sweeping Class Certified In Nationwide Pension Plan Suit

    More than 50,000 participants in a Nationwide pension plan can proceed as a class with claims that the company unlawfully transferred assets from the plan to a company subsidiary, as an Ohio federal judge ruled that questions about Nationwide's conduct outweigh differences among participants.

  • March 29, 2024

    5 Appellate Arguments Benefits Attys Should Watch In April

    A defense contractor will square off with the government over pension obligations, workers at an auto parts retailer and Georgetown University staffers will look to revive suits claiming their retirement savings were mismanaged, and a ban on gender-affirming care for minors will get an en banc review. Here are five argument sessions that should be on benefits attorneys' radar in April.

Expert Analysis

  • Tackling Judge-Shopping Concerns While Honoring Localism

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    As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.

  • Peeling Back The Layers Of Rep. George Santos' Indictment

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    Federal prosecutors' recent 13-count criminal indictment of Rep. George Santos reflects a focused, even simplified approach, showing the kind of careful scrutiny that charges against sitting members of Congress always merit, and leaving open questions about potential charges other enforcers could bring, say Rob Walker and Caleb Burns at Wiley.

  • Perspectives

    How Attorneys Can Help Combat Anti-Asian Hate

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    Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.

  • Opinion

    Congress Needs To Enact A Federal Anti-SLAPP Statute

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    Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.

  • ERISA Ruling Shows Why Insurers Must Justify Claim Denials

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    The Tenth Circuit's recent decision in D.K. v. United Behavioral Health imposed a long-overdue measure of accountability on health insurers by holding that Employee Retirement Income Security Act compliance requires responding to the medical opinions of the beneficiary's treating doctors before denying claims, says Mark DeBofsky at DeBofsky Law.

  • Takeaways From New Fla. Pharmacy Benefit Manager Rules

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    A recently passed Florida law imposes several new requirements on pharmacy benefit managers, necessitating practical considerations that range from potential license application delays to possible trade secret exposure, say Thomas Range and Bruce Platt at Akerman.

  • Roadblocks For Cannabis Employers Setting Up 401(k) Plans

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    Though the Internal Revenue Code and the Employee Retirement Income Security Act generally allow cannabis businesses to establish 401(k) plans for their employees, companies must still pick their way through uncertainties around tax deductions and recruiting reliable vendors, say attorneys at Shipman & Goodwin.

  • Some Client Speculations On AI And The Law Firm Biz Model

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    Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.

  • Revenue Sharing Argument Might Save Barrick In 401(k) Case

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    During recent oral arguments before the Tenth Circuit, Barrick Gold presented revenue sharing as an obvious alternative explanation for the selection of higher-cost share classes in its ex-workers’ 401(k) plan, establishing that dismissal of the case would be consistent with U.S. Supreme Court pleading standard precedent, say Emily Costin and Blake Crohan at Alston & Bird.

  • Now More Than Ever, Fiduciaries Must Revisit ERISA Origins

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    Given increasing political pressures, including legislation on ESG investing, fiduciaries should have a firm grasp on the historical foundations of the Employee Retirement Income Security Act, especially its allocation and delegation provision — the act's most important fiduciary duty shield, says Jeff Mamorsky, a Cohen & Buckmann partner who helped draft the statute.

  • A Lawyer's Guide To Approaching Digital Assets In Discovery

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    The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.

  • Opinion

    High Court's Ethics Statement Places Justices Above The Law

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    The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.

  • Opinion

    Time For Law Schools To Rethink Unsung Role Of Adjuncts

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    As law schools prepare for the fall 2023 semester, administrators should reevaluate the role of the underappreciated, indispensable adjunct, and consider 16 concrete actions to improve the adjuncts' teaching experience, overall happiness and feeling of belonging, say T. Markus Funk at Perkins Coie, Andrew Boutros at Dechert and Eugene Volokh at UCLA.

  • 4th Circ. Ruling Reveals 2 Layoff Pitfalls To Avoid

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    The Fourth Circuit's recent decision in Messer v. Bristol Compressors serves as a reminder that employers have a continuing obligation to keep employees informed about mass layoffs, and that employees do not need to show prejudice to succeed on Worker Adjustment and Retraining Notification Act claims, say Kevin White and Steven DiBeneditto at Hunton.

  • Opinion

    Duty To Oversee ESG Risks Would Erode Biz Judgment Rule

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    Imposing a duty to oversee ESG business risks on directors and officers is the exact kind of second-guessing that the business judgment rule is supposed to protect against, and it could expose corporate leaders to ruinous liability and disincentivize serving on public company boards, say Stephen Leitzell and Richard Horvath at Dechert.

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