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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THURSDAY, OCTOBER 8, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

CVS 401(k) Recordkeeping Fee Suit Dropped In New York

By Kellie Mejdrich

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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5th Circ. Backs DOL In Suit Over Withheld Plan Contributions

By Patrick Hoff

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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BCBS Unit Owes Awards Under No Surprises Act, Court Told

By Gianna Ferrarin

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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POLICY & REGULATION

SEC Says Climate-Tied Investor Actions May Pose Legal Risk

By Jessica Corso

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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ENFORCEMENT & COMPLIANCE

Nonprofit's Ex-President Admits To Falsifying Tax Returns

By Asha Glover

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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LITIGATION

Objectors To Keep Fighting $148M Insurance Suit Settlement

By Brian Steele

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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Josh Cellars Co. Says Ex-Prez Has 'Deep' Litigation Funding

By Aaron Keller

Companies behind the Josh Cellars wine brand say they should be allowed to introduce an ex-president's alleged litigation funding deals during an upcoming Connecticut jury trial, arguing they're necessary to defend against his assertions regarding a corporate operating agreement and to refute a possibly misleading portrayal of the parties' resources.

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EXPERT ANALYSIS

Why And How To Build A Neurodiversity-Informed Practice

By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

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LEGAL INDUSTRY

Omni Bridgeway Raises $1B For New Litigation Funding

By Ryan Boysen

Litigation funder Omni Bridgeway has raised a new $1 billion fund from mostly repeat investors, with plans to deploy the money broadly across countries and case types while avoiding debt leverage.

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Alito Explains Recusal But Says It Shouldn't Become Practice

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito said this week he "reluctantly" recused himself from a dispute that could decide whether state and local government can sue Big Oil in state courts for damages related to greenhouse gas emissions, while suggesting the high court's members shouldn't make a practice of explaining their reasons for stepping away from cases.

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Justices' Docs Should Belong To Public, Gov't Watchdogs Say

By Jack Karp

Nearly two dozen government accountability groups are calling for Congress to enact a law that would make U.S. Supreme Court justices' papers government property that would someday be available to the public.

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Analysis

Uncertainty Surrounds Judge Newman's 11th Circ. Transfer

By Dani Kass

Chief Justice John Roberts' order to transfer the Federal Circuit Judicial Council's disability investigation of a suspended 99-year-old judge to another court offers the neutral evaluation the judge has long been asking for, but attorneys are concerned about the transparency of the proceeding.

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California Federal Judge Jeffrey White To Retire After 24 Years

By Bonnie Eslinger

Senior U.S. District Judge Jeffrey S. White will retire at the end of the year after nearly a quarter-century on the federal bench in Northern California.

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ABA Accreditor Leader Remembered For Passion And Intellect

By Emma Cueto

After her sudden death while leading the American Bar Association council that handles law school accreditation, Melissa Hart is being remembered as a passionate and fiercely intelligent jurist, mentor and leader who will be missed as the council navigates numerous challenges to its accreditor status.

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LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Boies Schiller

Bursor & Fisher

Centricity Law

Gibson Dunn

Izard Kindall

Jayne Law Group

Madsen Prestley

Mandelbaum Barrett

O'Melveny & Myers

Orrick Herrington

Robinson & Cole

Robinson & McElwee

Sanford Heisler

Schirger Feierabend

Stueve Siegel

Susman Godfrey

COMPANIES IN TODAY'S NEWS

AOL

American Bar Association

Ameritas Life Insurance Corp.

Apple Inc.

BlackRock Inc.

Blue Cross & Blue Shield of Louisiana

Blue Cross Blue Shield Association

Burford Capital LLC

CVS Health Corp.

Chevron Corp.

Citizens for Responsibility & Ethics in Washington

ConocoPhillips

Consumer Watchdog

Exxon Mobil Corp.

Getty Images Holdings Inc.

Google LLC

Highmark Capital Management Inc.

Lincoln National Corp.

National Athletics Trainers' Association Inc.

New Civil Liberties Alliance

Omni Bridgeway Ltd.

Pacific Life Insurance Co.

Phi Air Medical LLC

Phillips 66

Spectrum Management Holding Co.

Starbucks Corp.

Suncor Energy Inc.

The Cigna Group

The City University of New York

The State University of New York

U.S. Chamber of Commerce

UCLA Health System

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Disease Control and Prevention

Colorado Supreme Court

Fish and Wildlife Service

U.S. Attorney's Office for the Northern District of California

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 Ninth Circuit

U.S. Department of Education

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Maryland

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 Northern District of California

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 Southern District of West Virginia

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Supreme Court