Providence Health & Services has struck a nearly $43 million deal to end a suit claiming the company used forfeited cash from its retirement plan to fund its employer contributions instead of plan expenses covered by workers, an agreement that stands to benefit 200,000 class members.
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WEDNESDAY, FEBRUARY 18, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Providence Health Inks $43M Deal In 401(k) Forfeiture Suit

By Grace Elletson

Providence Health & Services has struck a nearly $43 million deal to end a suit claiming the company used forfeited cash from its retirement plan to fund its employer contributions instead of plan expenses covered by workers, an agreement that stands to benefit 200,000 class members.

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BBQ Co. ESOP Members Urge Trial Despite DOL's $15M Deal

By Kellie Mejdrich

A certified class of participants in a barbecue company's employee stock ownership program is seeking assurance that a $15 million settlement among the U.S. Department of Labor, the company's executives and the ESOP's caretaker won't affect a coming trial on the matter. 

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Honeywell Settles $1.2M Suit Filed By Union Pension Fund

By Emily Brill

A Washington federal court closed an Employee Retirement Income Security Act case that pit Honeywell International Inc. against a union pension fund Tuesday, shortly after the conglomerate and fund told the court that they've settled the $1.2 million lawsuit for an undisclosed amount.

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Colo. Judge Allows Hospital To Pause Gender-Affirming Care

By Rachel Konieczny

A Colorado state judge declined to reinstate gender-affirming care for transgender youth patients of Children's Hospital Colorado, ruling that ordering the hospital to resume providing the care could risk the hospital's ability to provide pediatric care to other patients.

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PRACTICE GROUPS OF THE YEAR

Benefits Group Of The Year: Sanford Heisler

By Kellie Mejdrich

Sanford Heisler Sharp McKnight LLP worked to secure UnitedHealth Group employee 401(k) plan participants a record-breaking, $69 million class action settlement to end allegations that underperforming investment offerings breached fiduciary duties, handily earning the plaintiffs-side firm a place among the 2025 Law360 Benefits Groups of the Year.

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POLICY & REGULATION

SEC's Atkins Floats Litigation 'Safe Harbor' For Public Cos.

By Jessica Corso

U.S. Securities and Exchange Commission Chairman Paul Atkins on Tuesday put forth a raft of ideas for encouraging shorter corporate disclosures, including a possible "safe harbor" for publicly traded companies looking to avoid shareholder lawsuits for failing to report the impact of highly publicized events on their businesses.

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LITIGATION

4th Circ. Won't Revive Advance Auto Parts Fraud Suit

By Sydney Price

The Fourth Circuit on Tuesday declined to revive a suit by investors claiming Advance Auto Parts and its top brass misled them about the failure of a new pricing strategy and about accounting errors, ruling they failed to allege the auto parts retailer had wrongful intent.

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Ga. Justices Clarify Third-Party Life Insurance Procurement

By Kelcey Caulder

The Georgia Supreme Court ruled that a third party can legally be said to have procured a life insurance policy on the life of another, even if the insured played a role, as long as the third party is the one who effectively obtained or acquired the policy.

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Cohen Milstein To Rep Perrigo Investors In Formula Biz Suit

By Emilie Ruscoe

Cohen Milstein Sellers & Toll PLLC will represent a proposed class of Perrigo Company PLC investors who allege the company failed to disclose critical issues with infant formula operations that it purchased from Nestlé and caused stock prices to drop as the issues came to light. 

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LEGAL INDUSTRY

Law Professors Sue EEOC For Firm DEI Letter Records

By Craig Clough

Two professors at law schools in Michigan and Florida have sued the Equal Employment Opportunity Commission in D.C. federal court, seeking documents related to 20 letters the agency sent to law firms over their purported diversity, equity and inclusion practices.

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Goldstein Tax Trial Heads To Closing Args As Defense Rests

By Jared Foretek

Jurors in SCOTUSblog founder Thomas Goldstein's tax fraud trial will hear closing arguments Wednesday, after the final two witnesses in the monthlong proceeding took the stand, and new emails regarding Goldstein's efforts to conceal poker debts came to light Tuesday.

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Flat Fee Or Contingency? Firm, Ex-Client Fight Over IP Spoils

By Ben Adlin

A 3D printing technology company has urged a Washington federal court to toss a breach of contract lawsuit brought by its former law firm, Lee & Hayes PC, arguing it agreed to a flat fee ahead of a patent settlement, while Lee & Hayes says it only waived a contingency fee because of its onetime client's "underhanded misrepresentations."

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J&J Fights Beasley Allen's Bid To Pause Talc DQ Ruling

By Emily Sawicki

A New Jersey state court lacks standing to block an appellate panel's removal of Beasley Allen from representing hundreds of women with ovarian cancer pursuing claims against Johnson & Johnson over talcum powder, the pharmaceutical company has argued in an opposition brief.

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Valve Jury Says Rothschild, Atty Broke Anti-Patent Troll Law

By Rachel Riley

Inventor Leigh Rothschild, his companies and his former attorney broke Washington state's anti-patent trolling law by making a bad faith assertion of patent infringement against video game developer Valve Corp., and Rothschild and his companies breached an intellectual property licensing deal in the process, a Seattle federal jury found on Tuesday. 

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Supreme Court Adopts Rule To Suss Out Stock Conflicts

By Katie Buehler

The U.S. Supreme Court announced Tuesday that litigants will soon be required to include companies' stock ticker symbols in court documents as part of new rules aimed at helping the justices identify potential conflicts of interest.

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Sens. Concerned About Live Nation Case After DOJ 'Ousting'

By Matthew Perlman

A group of Senate Democrats is raising concerns about potential political influence at the U.S. Department of Justice, following the abrupt departure of the agency's top antitrust enforcer weeks before Live Nation is set to face trial in the government's monopolization case.

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Catching Up With Delaware's Chancery Court

By Jeff Montgomery

Cryptocurrency and artificial intelligence disputes continued their slow weave into Delaware Court of Chancery and state Supreme Court dockets last week, with jurists and litigants grappling over how — or if — the courts' old-school equity jurisdiction and fiduciary duty hooks apply to new kinds of deals.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Barnes & Thornburg

Beasley Allen

Cohen Milstein

Cooley LLP

Corr Cronin

DLA Piper

DNL Zito

Debevoise & Plimpton

Deutsch Hunt

Faegre Drinker

Faruqi & Faruqi

Fennemore

Foster Garvey

Freshfields

Garnett Powell

Glancy Prongay

Goodwin Procter

Groom Law Group

Higgins Benjamin

Hogan Lovells

Husch Blackwell

Kilpatrick Townsend

Kirkland & Ellis

Kutak Rock

Latham & Watkins

Leach & Walker

Lee & Hayes

McDermott Will & Schulte

Meyler Legal

Milbank LLP

Morgan Lewis

Morrison & Foerster

Munger Tolles

O'Melveny & Myers

Perkins Coie

Pomerantz LLP

Robbins Geller

Ropes & Gray

Rothschild & Rothschild

Sanford Heisler

Sebris Busto

Sharman Law Firm

Sidley Austin

Sills Cummis

Simpson Thacher & Bartlett LLP

Skadden Arps

Smith Gambrell

Sullivan & Cromwell

Terrell Marshall

Tucker Arensberg

White & Case

WilmerHale

COMPANIES IN TODAY'S NEWS

Advance Auto Parts Inc.

Ameritas Life Insurance Corp.

BBQ Holdings Inc.

Bloomberg LP

Children's Hospital Colorado

ConocoPhillips

Fortiline Inc.

Gelman, Rosenberg & Freedman

Hewlett Packard Enterprise Co.

Honeywell International Inc.

International Brotherhood of Teamsters

Johnson & Johnson

Juniper Networks Inc.

LRN Corp.

Leeds Equity Partners LLC

Live Nation Entertainment Inc.

MagMutual LLC

Michigan State University

Nestle SA

Patent Asset Management

Perrigo Co. PLC

Providence Health & Services Inc.

Southwest Airlines Co.

UnitedHealth Group Inc.

Valve Corp.

Wells Fargo & Co.

Wilmington Trust Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Federal Reserve Bank of Dallas

Georgia Supreme Court

Judicial Conference of the United States

New Jersey Court

New Jersey Supreme Court

Texas Legislature

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

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

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

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

U.S. District Court for the Western District of Washington

U.S. Securities and Exchange Commission

U.S. Supreme Court

US Office of Management and Budget

United States District Court for the District of Colorado