The U.S. Supreme Court ruled Thursday that multiemployer pension plan actuaries can retroactively change assumptions underlying their withdrawal liability calculations, rejecting employers' argument for time restrictions on the methodology underpinning penalties for pulling out of a pension fund.
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TOP NEWS

Justices Back IAM Pension Fund In Withdrawal Liability Battle

By Kellie Mejdrich

The U.S. Supreme Court ruled Thursday that multiemployer pension plan actuaries can retroactively change assumptions underlying their withdrawal liability calculations, rejecting employers' argument for time restrictions on the methodology underpinning penalties for pulling out of a pension fund.

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Goldman Pens $500M Deal To End Investors' 1MDB Suit

By Jessica Corso

Goldman Sachs has agreed to pay $500 million to end a lawsuit brought by investors who say they lost money after it came to light that the company was allegedly involved in a bribery scandal tied to Malaysia's sovereign wealth fund.

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Brief

FedEx Settles Worker's Suit Over Yanked Disability Benefits

By Grace Elletson

FedEx and a benefits provider have agreed to settle a worker's suit claiming her disability payments were abruptly cut off even though her doctor made clear that she was unable to go back to work, according to a Tennessee federal court filing.

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LITIGATION

PBM Swaps Cravath For WilmerHale In Price-Fixing Suit

By Bonnie Eslinger

Pharmacy benefit manager Prime Therapeutics LLC has replaced counsel Cravath Swaine & Moore LLP with WilmerHale and another firm in an antitrust case in Michigan federal court brought by the state's attorney general.

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AmeriHealth Unit, PBM Sued Over Prescription Claim Fees

By Matthew Santoni

Two Philadelphia pharmacies have filed a proposed class action against AmeriHealth Caritas Health Plan and its in-house pharmacy benefits manager, PerformRx LLC, claiming the companies violate Pennsylvania law by not disclosing "transmission fees" at the time a claim is run through the pharmacies' computers, according to a complaint removed to federal court.

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EXPERT ANALYSIS

DOJ Activity Indicates Rising Antitrust Risk For Hospitals

Two civil actions filed by the U.S. Department of Justice against New York-Presbyterian Hospital and OhioHealth, both alleging that the hospital systems used their market power to stifle competition, highlight the government's growing scrutiny of barriers to lower-cost insurance options, say attorneys at Freshfields.

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Class Actions At The Circuit Courts: May Lessons

In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four recent rulings from cases involving allegations of Title VII violations, the Employment Retirement Income Security Act, prison dental care violations and overcharging for PACER access.

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Series

NY Times Word Puzzles Make Me A Better Lawyer

Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

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LEGAL INDUSTRY

Analysis

BigLaw Deals Scandal Puts Boston Back On White Collar Map

By Chris Villani

A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.

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Goldstein Taps Ex-SG Prelogar Before Sentence, Likely Appeal

By Jeff Overley

One of the nation's most accomplished oral advocates, Tom Goldstein, revealed Thursday he has retained another of the nation's most accomplished oral advocates, Elizabeth Prelogar, ahead of his sentencing and likely appeal in a criminal tax case that has captivated the appellate bar.

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Immigration Judges' 'Anxiety' Dialed Up Amid Mass Exodus

By Emma Cueto

Current and former immigration judges spoke on a web panel Thursday about threats to the independence of immigration judges and the strains on the immigration system, such as a massive backlog of cases at a time when many judges have been pushed out or fired.

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Analysis

How Exxon Attys Beat A 10-Year-Old Securities Class Action

By Spencer Brewer

This month, Exxon Mobil's defense team helped deliver a clean sweep victory for the energy giant when a federal jury in Texas found the company did not lie to investors about the profitability of some operations.

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Bush-Appointed Missouri Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge David Gregory Kays of the Western District of Missouri will take semi-retired status in May 2027, according to an update from the federal judiciary on Thursday.

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Feature

5 Podcasts To Keep IP Attys Entertained And Informed

By Theresa Schliep

Whether intellectual property attorneys are hitting the road for a family trip or kicking their feet up at home, podcasts about legal news can offer an easy way for them to stay in the know while (hopefully) not working this Memorial Day weekend.

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LAW FIRMS IN TODAY'S NEWS

Anderson & Kreiger

Balon B. Bradley Law Firm

Bernstein Litowitz

Buchanan Ingersoll

Continental PLLC

Cooley LLP

Cravath Swaine

DarrowEverett

Delaney Legal

Dorsey & Whitney

Dykema

Edelson PC

Foley & Lardner

Freshfields

Goodwin Procter

Haynes Boone

Henning Strategies

Hickey Hauck

Kendall Law Group PLLC

Kessler Topaz

King & Spalding

Latham & Watkins

Lauro & Singer

McKool Smith

Morgan Lewis

Munger Tolles

Paul Weiss

Pierson Ferdinand LLP

Proskauer Rose

Quinn Emanuel

Robbins Geller

Scopelitis Garvin

Shook Hardy

Sidley Austin

Squire Patton

Troutman

Volpe Koenig

Wachtell Lipton

Weil Gotshal

WilmerHale

Womble Bond

COMPANIES IN TODAY'S NEWS

Accident Insurance Co.

Actelion Ltd.

AmeriHealth Caritas

Anadarko Petroleum Corp.

BlackRock Inc.

Burberry Group

Christian Louboutin SA

Express Scripts Holding Co.

Exxon Mobil Corp.

FedEx Corp.

Genworth Financial Inc.

HR Policy Association

IAM National Pension Fund

Johnson & Johnson

KFC Corp.

Lowe's Cos. Inc.

NFL Enterprises LLC

National Collegiate Athletic Association

National Veterans Legal Services Program

NewYork-Presbyterian Hospital

NiSource Inc.

Occidental Petroleum Corp.

OhioHealth Corp.

PerformRx LLC

Permira

Prime Therapeutics LLC

Smithfield Foods Inc.

The Goldman Sachs Group Inc.

The New York Times Co.

U.S. Chamber of Commerce

United Airlines Holdings Inc.

United Food & Commercial Workers International Union

Vanity Fair

eBay Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Bureau of Investigation

Food and Drug Administration

Occupational Safety and Health Administration

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

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Agriculture

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the Central District of Illinois

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Michigan

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

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Eastern District of Virginia

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

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

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

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

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

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Southern District of Ohio