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Benefits
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March 07, 2024
Skechers Fined $1.25M Over Execs' Family Member Payments
Skechers will pay the U.S. Securities and Exchange Commission $1.25 million to resolve claims it failed to disclose hundreds of thousands of dollars in payments made to its directors and their immediate family members who were hired by the sneaker giant as contractors or nonexecutive employees.
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March 07, 2024
NC Decision Supports Nix Of Sodexo Arbitration, 9th Circ. Told
A Sodexo employee alleging that the company overcharged smokers for health insurance told the Ninth Circuit that a North Carolina federal court decision supports his efforts to keep his suit in court, saying it backs up his assertion that arbitration agreements can't be added to plans without participants' consent.
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March 07, 2024
Hy-Vee Beats Ex-Workers' 401(k) Fee Suit
An Iowa federal judge granted a win Thursday to Hy-Vee Inc. in a class action accusing it of failing to sufficiently lower its retirement plan's recordkeeping fees, saying the supermarket chain showed it did its due diligence to make sure it didn't run afoul of federal benefits law.
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March 07, 2024
$61M Deal Gets Final OK In GE In-House 401(k) Fund Suit
A Massachusetts federal judge granted final approval Thursday to a $61 million settlement ending a lawsuit from current and former workers accusing General Electric of mismanaging their retirement savings, signing off on a deal that comes after six years of litigation and includes $21.5 million in attorney fees and expenses.
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March 07, 2024
Chicken Buyers Bail On Remaining Claims Against Producers
A class of direct purchasers effectively threw in the towel Wednesday on continuing with class price-fixing claims against Perdue Farms, Claxton Poultry and others, cutting deals that abandon attempts to revive the allegations and allow the buyers to avoid up to $1 million in legal costs they might have owed the major chicken producers.
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March 06, 2024
Yellow Corp. Faces Pension Funds' Arbitration Bid In $6B Spat
Eleven retirement funds urged a Delaware bankruptcy judge Wednesday to order Yellow Corp. to arbitrate their claims worth over $6 billion, arguing it would be efficient to take the dispute before a benefits plan expert, while the trucking firm insisted that arbitration would delay its ongoing Chapter 11 proceedings.
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March 06, 2024
Univar Will Appeal $190K Teamsters Pension Suit Loss
Univar Solutions is challenging an Illinois federal court's holding that the company owes over $190,000 to a Teamsters pension fund due to an automatic extension of contract language, saying Wednesday that it is appealing the decision to the Seventh Circuit.
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March 06, 2024
Financial Tech Co. Wants Escape From 401(k) Fee Suit
Jack Henry & Associates Inc. has urged a Missouri federal court to toss a worker's proposed class action alleging the financial technology company saddled its employee 401(k) plan with excessive recordkeeping and administrative service fees, arguing his claims weren't backed up with enough comparisons to better-managed, similar plans.
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March 06, 2024
Insurer Says Mountaineer's Death Not 'Accidental'
Reliance Standard Life Insurance Co. asked the Eleventh Circuit on Wednesday to reverse a decision saying it has to pay out an accidental death benefit to the family of a Harvard medical professor who died trying to summit a mountain in Pakistan, arguing that there isn't enough evidence to show that his death was an accident.
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March 06, 2024
Republicans Advance Bicameral Effort To Halt Contractor Rule
Republican lawmakers in the U.S. Senate and House introduced legislation Wednesday that aims to pump the brakes on the U.S. Department of Labor's independent contractor rule a few days before it goes into effect.
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March 06, 2024
Epic Tesla Fee Bid May Blaze Extraordinary Chancery Path
An unprecedented $5 billion-plus stock-based fee award sought by class attorneys who recently short-circuited Tesla CEO Elon Musk's 12-step, $51 billion compensation package has set up an equally unprecedented test for Delaware Court of Chancery fee guidelines and a potential award one law expert described as "dynastic wealth."
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March 06, 2024
Divided SEC Adopts Scaled-Back Climate Reporting Regs
The U.S. Securities and Exchange Commission on Wednesday adopted climate reporting standards that will require some of the nation's largest companies to publicly disclose their greenhouse gas emissions, and it was met almost immediately with a lawsuit despite the final rule scrapping a controversial proposal to mandate so-called Scope 3 disclosures.
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March 05, 2024
Amazon Workers Push For Class Status In Military Leave Suit
Current and former Amazon employees urged a Washington federal court to grant them class status in their lawsuit accusing the company of demoting or firing workers who took time off for military leave, saying the 15,000 members of the proposed class have plenty in common.
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March 05, 2024
FTC Chair Decries PE's Healthcare Impacts As Probe Starts
Federal Trade Commission Chair Lina Khan on Tuesday lamented what she deemed the "financialization" of healthcare resulting from private equity buyouts, in remarks coinciding with the launch of a multijurisdictional request for public comment on PE and other companies' growing control over the healthcare system.
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March 05, 2024
Express Scripts Gets Pharmacy's Contract Breach Suit Cut
A Missouri federal judge tossed out two claims in a five-count suit accusing Express Scripts of conducting a faulty audit on a New York pharmacy and then wrongfully terminating their contract, saying the pharmacy can't sue under two laws it cited.
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March 05, 2024
KPMG Workers' $650K ERISA Fee Suit Deal Gets Initial OK
KPMG and 44,000 of its workers have agreed to a $650,000 settlement in a class action alleging that the Big Four accounting firm weighed down the employees' $6 billion retirement fund with excessive fees and costly investments, according to court documents.
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March 05, 2024
4th Circ. Won't Let SC Medicaid Drop Planned Parenthood
The Fourth Circuit rejected on Tuesday South Carolina's attempt to terminate its Medicaid provider agreement with Planned Parenthood, unpersuaded by the state's argument that a recent U.S. Supreme Court decision compelled a different outcome.
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March 05, 2024
Meta Tells Chancery It Didn't 'Utterly Fail' To Stop Exploitation
Shareholders accusing Meta's leaders of "utterly failing" to eliminate pedophilia, human trafficking and child sexual exploitation on its social media platforms didn't ask enough about the company's efforts and haven't shown any "corporate trauma," an attorney for Meta's board told Delaware's Court of Chancery on Tuesday.
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March 05, 2024
Splunk Investors Get Final OK For $30M Deal, $7.5M Atty Fees
A California federal judge has granted final approval to a $30 million settlement, including $7.5 million in fees for class counsel, to resolve a securities class action accusing software company Splunk of lying about strategies it used to meet cash flow goals.
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March 05, 2024
Aetna Accused Of 'Reprehensible' ER Services Underpayment
Multiple Aetna health insurance entities were hit with a lawsuit in Ohio accusing them of "reprehensible systemic underpayments" to healthcare workers who provide emergency services, underpayments that the complaint said were damaging to the medical system.
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March 04, 2024
Puerto Rico Fiscal Board Argues For Utility Reorg Plan
Puerto Rico's fiscal oversight board told a federal judge on Monday that it had the only plan to save the island's troubled electric utility, while bondholders claimed the board had created the plan specifically to shortchange them.
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March 04, 2024
5th Circ. May Uphold National Block On ACA Preventive Care
The Fifth Circuit appeared open Monday to striking down Affordable Care Act requirements forcing insurers to cover a range of preventive treatments such as mammograms and HIV prevention medication, homing in on constitutional problems with how members of a task force setting coverage mandates were appointed.
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March 04, 2024
Teamsters Request Discovery Stay In $137M Fight With Yellow
A Kansas federal judge should decide whether Yellow Corp.'s $137 million lawsuit against the Teamsters can survive the union's dismissal bid before making the union produce more documents, the Teamsters said, looking to pause the discovery process in litigation accusing the union of holding up a corporate restructuring.
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March 04, 2024
Vax Refusal Doesn't Negate Benefits, Mass. Top Court Says
Massachusetts' highest court ruled Monday that an employee's refusal of the COVID-19 vaccine for religious reasons can be grounds for dismissal, but not for stripping them of unemployment benefits.
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March 04, 2024
Musk Fired Twitter Execs To Avoid $200M Bill, Suit Says
Elon Musk fired four top Twitter executives just minutes after he closed on his deal to buy the company, now called X Corp., to avoid paying them $200 million in severance benefits, they told a California federal court Monday.
Expert Analysis
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Garmon Defense Finds New Relevance As NLRB Stays Active
With a more muscular National Labor Relations Board at work, employers should recall that they have access to a powerful yet underutilized defense to state law employment and tort claims established under the U.S. Supreme Court decision in San Diego Building Trades Council v. Garmon, say Alex Meier and Cary Reid Burke at Seyfarth.
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The Important Role Of Contra Proferentem In ERISA Cases
A Pennsylvania federal court's recent decision in Stein v. Paul Revere Life Insurance illustrates what happens when ERISA plan terms are unclear, and why the contra proferentem principle should be applied uniformly in all ERISA cases, says Mark DeBofsky at DeBofsky Law.
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Practical Skills Young Attorneys Must Master To Be Happier
For young lawyers, finding happiness on the job — with its competitive nature and high expectations for billable hours — is complicated, but three skills can help them gain confidence, reduce stress and demonstrate their professional value in ways they never imagined, says career counselor Susan Smith Blakely.
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No Surprises Act Gives Plan Sponsors Savings Opportunities
Under the No Surprises Act, the potential savings for an ERISA group health plan and its participants are significant, and sponsors should focus on the negotiation of third-party administrator service agreements to avoid exposure to breach of fiduciary claims for payment of excessive fees, say attorneys at Hall Benefits.
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ABA Opinion Should Help Clarify Which Ethics Rules Apply
A recent American Bar Association opinion provides key guidance on interpreting ABA Model Rule 8.5's notoriously complex choice-of-law analysis — and should help lawyers authorized to practice in multiple jurisdictions determine which jurisdiction's ethics rules govern their conduct, say attorneys at HWG.
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5 Potential Perils Of Implementing Employee Sabbaticals
As companies try to retain employees with sabbatical benefits amid record-low unemployment rates, employers should be aware of several potential legal risks when considering policies to allow these leave periods, say Jesse Dill and Corissa Pennow at Ogletree.
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4 Ways To Reboot Your Firm's Stalled Diversity Program
Law firms that have failed to see real progress despite years of diversity initiatives can move forward by committing to tackle four often-taboo obstacles that hinder diversity, equity and inclusion efforts, says Steph Maher at Jaffe.
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DOJ's Google Sanctions Motion Shows Risks Of Auto-Deletion
The U.S. Department of Justice recently hit Google with a sanctions motion over its alleged failure to preserve relevant instant-messaging communications, a predicament that should be a wake-up call for counsel concerning the danger associated with automatic-deletion features and how it's been handled by the courts, say Oscar Shine and Emma Ashe at Selendy Gay.
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What To Expect From A Litigation Finance Industry Recession
There's little data on how litigation finance would fare in a recession, but a look at stakeholders' incentives suggests corporate demand for litigation finance would increase in a recessionary environment, while the number of funders could shrink, says Matthew Oxman at LexShares.
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Preparing For DOJ's Compensation Clawback Pilot Program
The U.S. Department of Justice’s new pilot program incentivizes clawbacks and requires corporate resolutions to include compensation reform, effectuating the agency’s recent emphasis on individual accountability, so companies must take immediate steps to update their compliance programs, say attorneys at Morgan Lewis.
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ACA Anti-Discrimination Rules May Apply To 3rd-Party Admin
A Washington federal court's recent ruling in C.P. v. Blue Cross Blue Shield, where a third-party administrator applied plan rules that excluded gender-affirming care, potentially expands the scope of covered entities under the Affordable Care Act's anti-discrimination rule, say Kara Backus and Allison Jacobsen at Lane Powell.
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ERISA Considerations In A Dynamic ESG Landscape
Recent congressional, judicial and state legislative developments have complicated the landscape surrounding environmental, social and governance investing, but these new laws and court challenges are unlikely to ban any consideration of ESG in ERISA plans and will likely serve to hone fiduciary focus, say Elizabeth Goldberg and Rachel Mann at Morgan Lewis.
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The Limits Of Arbitration Provisions In The ERISA Context
Although courts have viewed the Federal Arbitration Act as strongly favoring the enforcement of arbitration provisions, two recent decisions from the District of Delaware and the Tenth Circuit demonstrate that arbitration provisions that expressly forbid planwide relief are not likely to be enforced in ERISA cases seeking such relief, says Elizabeth Hopkins at Kantor & Kantor.
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Justices Leave Questions Open On Dual-Purpose Atty Advice
The U.S. Supreme Court's recent dismissal of In re: Grand Jury on grounds that certiorari was improvidently granted leaves unresolved a circuit split over the proper test for deciding when attorney-client privilege protects a lawyer's advice that has multiple purposes, say Susan Combs and Richard Kiely at Holland & Hart.
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Opinion
Courts Should Follow 8th Circ. On ERISA Procedure Rules
Other courts should take note of the Eighth Circuit's refusal to view Yates v. Symetra Life Insurance as an administrative law claim and join the growing effort to restore regular civil procedure to Employee Retirement Income Security Act cases, says Mark DeBofsky at DeBofsky Law.