The Eleventh Circuit reversed a win on Monday for Royal Caribbean in a suit from cruise ship workers who alleged they lost 401(k) savings because of shoddy target-date investment funds, holding that a lower court erred in handing the cruise company an early win in a challenge to the prudence of their investment management.
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TUESDAY, AUGUST 18, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

11th Circ. Revives Royal Caribbean 401(k) Fund Suit

By Kellie Mejdrich

The Eleventh Circuit reversed a win on Monday for Royal Caribbean in a suit from cruise ship workers who alleged they lost 401(k) savings because of shoddy target-date investment funds, holding that a lower court erred in handing the cruise company an early win in a challenge to the prudence of their investment management.

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7th Circ. Reverses Alcoa Union Retirees' Lifetime Benefits Win

By Kellie Mejdrich

The Seventh Circuit reversed an Indiana federal court's decision holding that certain union retirees of aluminum giant Alcoa and their beneficiaries had a vested right to health benefits for life, finding error with the lower court's judicial estoppel analysis that formed the basis for its judgment on liability.

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Electric Co. Can't Undo Class Status In ESOP Fight

By Grace Elletson

An Arizona federal judge refused to scrap class certification for a group of workers who claimed an electrical contractor failed to properly invest millions of dollars in its employee stock ownership plan, finding the plan participants at the helm of the case are fit to lead the suit.

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Mass. Judge Vacates ACA Gender-Affirming Care Restriction

By Gianna Ferrarin

A Massachusetts federal judge handed a coalition of 21 states a win on their claim that the U.S. Department of Health and Human Services unlawfully issued Affordable Care Act reforms barring marketplace plans from requiring coverage for medical procedures used in gender-affirming care.

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RISING STARS

Rising Star: Goodwin's Benjamin Reilly

By Patrick Hoff

Benjamin "Ben" Reilly of Goodwin Procter LLP has helped New York Life Insurance Co. resolve a lawsuit alleging it mismanaged its retirement plans and represented State Street and General Electric in lawsuits challenging pension risk transfer deals, earning him a spot among the benefits law practitioners under age 40 honored by Law360 as Rising Stars.

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LITIGATION

Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit

By Jon Hill

Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.

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Hospital Employees Seek Class Cert. In Retirement Funds Suit

By Rachel Konieczny

Employees of a faith-based nonprofit Colorado hospital urged a federal judge to grant class certification in their lawsuit alleging the hospital mismanaged employees' retirement funds and ultimately cost participants tens of millions of dollars.

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Protein Shake Maker Investors Sue Over Troubled Acquisition

By Katryna Perera

Consumer packaged health foods company Simply Good Foods has been hit with a class action in New York federal court over its $280 million acquisition of a plant-based protein shake company, whose integration was an "abject failure," resulting in a $200 million impairment on the acquired company's assets and a stock price drop.

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Hartford HealthCare Told To Double-Check Privilege Claims

By Aaron Keller

Hartford HealthCare has agreed to re-review 113 documents over which the hospital operator asserted attorney-client privilege in an antitrust lawsuit by a Teamsters health plan and a local Connecticut transit district, following a federal magistrate judge's concerns about a nearly 1,000-page privilege log.

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LEGAL INDUSTRY

Law Firms See Revenue, Demand Grow In First Half Of 2026

By Anna Sanders

Despite rising expenses driven by artificial intelligence and return to office mandates, the legal industry is performing well in 2026, with U.S. law firms recording a double-digit jump in revenue and strong growth in demand so far this year, according to new survey results from Citi Global Wealth at Work's Law Firm Group.

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Morgan & Morgan Sues Fla. Bar Over Celebrity Ad Ban

By Carolina Bolado

Personal injury giant Morgan & Morgan PA has sued the Florida Bar, claiming a bar rule that bans any use of a celebrity's voice or image in lawyer advertising violates the First Amendment.

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3 NY Injury Firms Get Uber's RICO Suit Tossed

By Lauren Berg

A New York federal judge threw out Uber Technologies Inc.'s lawsuit accusing three personal injury law firms of conspiring with physicians and exploiting passengers to pursue fake or exaggerated injury claims in order to strongarm settlement payouts from the ride-hailing giant.

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Nussbaum-Linked Firms' Ch. 11s Tossed For Bad Faith

By Ben Zigterman

A New York bankruptcy judge has dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding their petitions were filed in bad faith and that the cases instead belonged in an assignment for the benefit of creditors process in New York state court.

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Chattah Can't Serve As Acting Nevada US Atty, 9th Circ. Says

By Emma Cueto

The Ninth Circuit on Monday upheld a lower court ruling that Nevada's top prosecutor was not put in place lawfully and was barred from overseeing the criminal cases giving rise to the appeal, the latest state where courts have shut down attempts by the Trump administration to fill U.S. attorney vacancies without Senate confirmation.

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Clifford Chance Pushes To Send Clawback Suit To Arbitration

By Ryan Boysen

Clifford Chance LLP wants a high-profile partner pay dispute sent to arbitration, accusing two ex-partners who claim they're facing a $6 million clawback demand of "gamesmanship" by filing suit in New York federal court.

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NYCBA Cautions Against Recording Nonclient Calls

By Emily Sawicki

New York City attorneys who have been granted permission may ethically use artificial intelligence to record, transcribe and summarize conversations with nonclients, according to the latest ethics guidance by the New York City Bar Association Monday, which added that just because they can doesn't mean they should.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Aeton Law Partners

Anderson Kill

Ashurst Perkins

Barrack Rodos

Berger Montague

Berman Tabacco

Bleichmar Fonti

Cahill Gordon

Capozzi Adler PC

Cleary Gottlieb

Clifford Chance

Cohen Milstein

Davis Polk

Duane Morris

Engstrom Lee

Faegre Drinker

Feinstein Doyle

Gibson Dunn

Goodwin Procter

Groom Law Group

Gupta Wessler

Hach Rose Schirripa

Heaney Law Firm

James & Wells

Jones Day

Kobre & Kim

Lavelle Law Firm

Lowey Dannenberg

Miller Shah

MoloLamken

Morgan & Morgan PA

Nichols Kaster

Nussbaum Lowinger

Paul Weiss

Proskauer Rose

Quinn Emanuel

Radice Law Firm

Robbins Geller

Scott&Scott

Selendy Gay

Sheppard Mullin

Shipman & Goodwin

Sidley Austin

Simon & Simon PC

Simpson Thacher & Bartlett

Skadden Arps

Spencer Fane

Sullivan & Cromwell

Wenzel Fenton

WilmerHale

Wingate Russotti

Wolf Haldenstein

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Affordable Care LLC

Alcoa Corp.

American Federation of Labor & Congress of Industrial Organizations

Banco Santander SA

Bank of America Corp.

Barclays PLC

Boston College

Capitala Group

Citigroup Inc.

Deutsche Bank AG

FedEx Corp.

Fort Point Capital

GE Aerospace

HSBC Holdings PLC

Hartford HealthCare Corp.

JPMorgan Chase & Co.

New York City Bar Association

New York Life Insurance Co.

Nike Inc.

Royal Caribbean Cruises Ltd.

Russell Investments Group LLC

SCL Health

State Street Global Advisors Inc.

The Florida Bar

U.S. Chamber of Commerce

Uber Technologies Inc.

United Steelworkers

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

Centers for Medicare & Medicaid Services

Florida Supreme Court

Government of Mexico

New York Attorney General's Office

U.S. Attorney's Office for the District of Nevada

U.S. Bankruptcy Court for the Southern District of New York

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. District Court for the District of Arizona

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of Florida

U.S. District Court for the Southern District of New York

United States District Court for the District of Colorado

United States District Court for the District of Nevada