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October 07, 2026
A group of objectors told a Connecticut federal judge they will continue to fight a $147.5 million class settlement over life insurance costs that the Second Circuit imperiled in August, writing that a retooled complaint against Lincoln National and a Cigna unit only amplifies their concerns.
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October 07, 2026
The U.S. Securities and Exchange Commission on Wednesday released a report into its investigation of a successful push for eco-friendly board members at ExxonMobil, warning institutional investors and asset managers that joining forces to exert influence over corporations could open them up to additional scrutiny.
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October 07, 2026
A former president of a nonprofit organization serving the Telugu community who falsified tax returns by reclassifying expenditures meant to reimburse donors as legitimate expenses pled guilty to conspiracy to defraud the U.S. government in California federal court.
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October 07, 2026
A former CVS worker dropped his proposed class action alleging the pharmacy giant cost workers millions in retirement savings and violated federal benefits law by failing to rein in excessive administrative fees in its $27 billion 401(k) plan, according to a filing in New York federal court.
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October 07, 2026
A Blue Cross Blue Shield unit failed to pay thousands of dollars in awards that an air ambulance company won through the No Surprises Act's arbitration process for out-of-network services rendered to the insurer's beneficiaries, the company alleges in a suit in West Virginia federal court.
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October 07, 2026
The Fifth Circuit refused to upend the U.S. Department of Labor's win in a suit accusing a Louisiana contracting company executive of unlawfully keeping the insurance contributions deducted from employees' paychecks, rejecting his argument that he wasn't responsible for administering the company's benefit plans.
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October 06, 2026
AstraZeneca on Monday asked the Fourth Circuit to resurrect its suit challenging how the Centers for Medicare & Medicaid Services determines which drugs are subject to the landmark drug-pricing program, arguing that CMS is dodging limits on how many drugs can be selected by grouping some together.
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October 06, 2026
A New York federal judge on Tuesday declined to give CVS another opportunity to dismiss a lawsuit accusing it of inflating its revenues through the use of artificial intelligence.
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October 06, 2026
An Illinois federal judge on Tuesday denied a bid from Sprout Social Inc. to dismiss a proposed investor class action alleging the social media management company missed its financial guidance and struggled to integrate an influencer marketing platform it acquired, finding the suit's challenged statements are actionable and that the claims suggest the defendants knowingly committed fraud.
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October 06, 2026
An Ohio federal judge tossed a suit from a retiree who claimed a hospital system stiffed him on $40,000 in retirement benefits by failing to warn him that an upcoming interest rate spike would reduce his lump sum payout, ruling his claims aren't viable under federal benefits law.
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October 06, 2026
A Washington federal judge has appointed two pension funds as lead plaintiffs in a proposed securities class action filed over an allegedly anticompetitive Zillow Group Inc. and Redfin Corp. deal and has also appointed Keller Rohrback LLP and Robbins Geller Rudman & Dowd LLP as local and lead counsel, respectively.
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October 06, 2026
The U.S. Chamber of Commerce is among those backing Boeing's call to the Seventh Circuit to overturn class certification in a case accusing the aerospace firm of misleading investors about the safety of its 737 Max fleet, arguing that the certification is dependent on a damages model that the U.S. Supreme Court and Fourth Circuit have rejected.
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October 06, 2026
Workers hit banking giant Wells Fargo with a proposed class action in Minnesota federal court alleging that underperforming and costly funds in their 401(k) plan breached fiduciary duties of prudence under federal benefits law, causing at least $1 billion in losses.
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October 06, 2026
A New Jersey federal judge rejected a painting company's challenge to a magistrate judge's ruling that denied its bid for a union pension fund to cover roughly $350,000 in legal fees, finding that the magistrate judge applied the correct legal standard in his findings.
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October 06, 2026
A Texas memory care facility agreed to settle a lawsuit alleging it fired an employee after trying to demote her for taking military leave, the U.S. Department of Justice said.
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October 06, 2026
The U.S. Supreme Court appeared likely Tuesday to affirm a Ninth Circuit decision ending a federal benefits dispute against Intel Corp. from ex-workers who alleged that underperforming 401(k) funds breached fiduciary duties, as multiple justices indicated support for requiring that claims predicated on underperformance include meaningful comparisons.
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October 05, 2026
A Washington woman who successfully sued the owner of coffee kiosks known as bikini barista espresso stands won a $1.4 million state court award for attorney fees and costs, with the judge denying the defense's request for a 30% reduction in fees.
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October 05, 2026
A Fifth Circuit panel seemed hesitant to buy an argument that a rule from the Centers for Medicare & Medicaid Services dealing with Medicare Advantage plan overpayments went through proper rulemaking steps, asking Monday if the agency's argument that it can change its rationale "upends" rulemaking procedures.
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October 05, 2026
Federal judges from California to New York and several states in between issued a slew of decisions last week that determined the fates of shareholder lawsuits against a major health insurer, a New York bank that nearly failed in 2024 and a diagnostic company accused of hiding its challenges as COVID testing demand ebbed.
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October 05, 2026
Washington state-based Coastal Financial Corp. has been hit with an investor's proposed class action accusing it of failing to disclose risks related to its "banking as a service" offerings, which the shareholder says ultimately resulted in a 44% share decline earlier this year following the announcement of a $42 million quarterly loss.
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October 05, 2026
The U.S. Supreme Court on Monday appeared split on whether the Veterans' Judicial Review Act bars federal district courts from presiding over constitutional challenges to statutes affecting veterans' benefits, with justices questioning both sides' interpretation of the law's no-review clause.
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October 05, 2026
The U.S. Supreme Court will hear arguments Tuesday from former Intel Corp. workers looking to revive a suit claiming their retirement savings suffered because of shoddy investments, a case that could shed light on what it takes to keep challenges to allegedly subpar 401(k) offerings alive.
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October 05, 2026
A group of life insurance policyholders told a Connecticut federal court it has fixed the "narrow issues" that caused a $147.5 million settlement over life insurance costs to be thrown out this summer.
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October 05, 2026
A coalition of interests challenging a Centers for Medicare & Medicaid Services program to provide patients access to federally legal hemp products told the D.C. Circuit on Monday that a lower court was wrong to dismiss their petition.
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October 05, 2026
A Tokio Marine unit accused of misrepresenting the terms of its policy has slipped a roofing contractor's negligence claims in a $4.6 million coverage dispute over a school renovation project but must face a claim that it intentionally misrepresented coverage, a Connecticut state court ruled.