Janus Henderson will fork over $6.5 million to settle a proposed class action alleging that the asset manager breached fiduciary duties by promoting underperforming proprietary investments in its employee 401(k) plan, according to the terms of the deal filed in Colorado federal court Wednesday.
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THURSDAY, APRIL 30, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Janus Henderson Inks $6.5M 401(k) Fund Suit Deal

By Kellie Mejdrich

Janus Henderson will fork over $6.5 million to settle a proposed class action alleging that the asset manager breached fiduciary duties by promoting underperforming proprietary investments in its employee 401(k) plan, according to the terms of the deal filed in Colorado federal court Wednesday.

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5th Circ. Will Rehear Aetna Arbitration Bid In Aramark Suit

By Kellie Mejdrich

The full Fifth Circuit will reconsider insurance company Aetna's bid to force uniform and food services company Aramark to arbitrate its dispute over employee health benefit claims, staying a panel's ruling from December that had kept proceedings in court.

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Mass. Judge Clears Way For Trader Joe's 401(k) Plan Trial

By Carolyn Muyskens

A Massachusetts federal judge has denied summary judgment to Trader Joe's ahead of a Monday trial on claims that it mismanaged its employee retirement plan. 

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Dollar General Can't Kick Tobacco Fee Suit To Arbitration

By Patrick Hoff

Dollar General can't kibosh a proposed class action claiming it unlawfully charged employees who use tobacco nearly $500 more per year for health benefits, with a Tennessee federal judge ruling the company hadn't properly addressed how an exclusion in its arbitration agreement applied to the case.

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ENFORCEMENT & COMPLIANCE

FTC Says Fla. Co. Destroyed Evidence In Fake ACA Suit

By David Minsky

A Florida federal judge postponed a preliminary injunction hearing Wednesday for a company accused by the Federal Trade Commission of selling $91 million of fake Affordable Care Act plans, but ordered two siblings connected to the scheme to explain why they allegedly destroyed evidence in violation of a temporary restraining order.

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PBMs Say Michigan AG Price-Fixing Suit Is Unsound

By Susan Smiley

Pharmacy benefit managers Express Scripts, Evernorth Health and Prime Therapeutics have bolstered their effort to escape a federal price-fixing suit brought against them by Michigan's attorney general by arguing the statutes cited in the complaint do not apply to them.

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Brief

Mass. AG, Insurer Settle Deceptive Marketing Claims For $5M

By Julie Manganis

A Texas-headquartered health insurance agency will pay $5 million to settle allegations that it engaged in deceptive and unfair marketing to sell plans and other types of health programs to thousands of Massachusetts consumers, the state's attorney general announced on Wednesday.

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LITIGATION

Shoals, Investors Strike $70M Deal To Settle Wire Defect Suit

By Rae Ann Varona

Shoals Technologies Group Inc. and investors who accused the solar energy equipment-maker of having downplayed defects in its wire harnesses used in aggregating electricity have reached a settlement that, if approved, would pay roughly $70 million to a settlement class, they have told a Tennessee federal judge.

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Brief

Ohio Tech Services Co. Settles Fired IT Chief's FMLA Suit

By MJ Koo

A business technology company and its former information technology director have agreed on the material terms of a settlement to resolve allegations that the company fired him after he requested leave to care for his wife following surgery, an Ohio federal magistrate judge said.

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AbbVie Seeks Early Win Over HHS In Botox Drug Price Suit

By Mark Payne

When the federal government included Botox in Medicare's drug price negotiation program, which allows Medicare officials to negotiate for lower drug prices, it overstepped its authority, drugmaker AbbVie Inc. told a D.C. federal court, arguing the cosmetic drug and migraine treatment is a "plasma-derived" product ineligible for price controls.

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EXPERT ANALYSIS

Mapping Bank Exec Clawback Risk Ahead Of Revived Bill

The reintroduction of the Failed Bank Executives Clawback Act would allow recovery of executive compensation after bank failures, making it important for executives and counsel to take steps such as mapping compensation, reviewing employment agreements, documenting decisions, and confirming D&O insurance, says Drew Jones at Diamond McCarthy.

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Improving Well-Being In Law, 10 Years After Landmark Study

An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

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LEGAL INDUSTRY

Analysis

Comey Indictment Built On Bad Legal Foundation, Experts Say

By Phillip Bantz

The criminal indictment of former FBI Director James B. Comey over an alleged threat against President Donald Trump by way of a social media post of seashells appears to be based on either an outdated or flawed understanding of the legal standard required to prove the charges in the case, which could sink the prosecution, according to experts.

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GrayRobinson Faces More Suits Over 2025 Data Breach

By Adrian Cruz

After being hit with a proposed class action accusing GrayRobinson PA of negligence following the revelation of a March 2025 data breach, the Florida-based firm is now facing two further suits regarding the same incident.

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Justices Limit Voting Rights Act Suits While Voiding La. Map

By Katie Buehler

The U.S. Supreme Court struck down Louisiana's congressional map containing two majority-Black voting districts Wednesday and further limited the Voting Rights Act's use in challenging racial discrimination in legislative redistricting — a decision the dissent claims completes the conservative majority's "demolition" of the seminal civil rights law.

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Fla. Judge Pick Denies Conflict In Trump Defamation Case

By Courtney Bublé

A judicial nominee for the Southern District of Florida on Wednesday denied there was any overlap between when he presided over a case involving President Donald Trump and when the White House let him know Trump was considering him for the federal judgeship.

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Judiciary Advisers Back Looser Limits On Defense Subpoenas

By Jeff Overley

A campaign by white collar defense lawyers against long-standing limits on subpoena powers cleared a key hurdle Wednesday when federal judiciary advisers endorsed earlier and easier access to potentially favorable evidence despite staunch resistance from crime victims' advocates.

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Former AG Bondi To Appear Before House Committee May 29

By Courtney Bublé

Former Attorney General Pam Bondi will appear before the House oversight committee on May 29, committee Republicans said Wednesday.

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Nadine Menendez Denied Bail During Bribery Conviction Appeal

By George Woolston

A New York federal judge on Wednesday denied a bid from Nadine Menendez for bail while she appeals her conviction on a bribery scheme carried out with her ex-senator husband, ruling that her motion doesn't raise a substantial question of law.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Barrett Johnston

Brar Law Firm

Bryant Legal LLC

Capozzi Adler PC

Cozen O'Connor

Cravath Swaine

Davis Polk

Diamond McCarthy

Dykema

Edelson PC

Gibson Dunn

Gillam Smith

Graves Garrett

GrayRobinson

Hickey Hauck

Hicks Thomas

Holland & Hart

Holland & Knight

Joffe Law PA

Kirkland & Ellis

Klausner Kaufman

Latham & Watkins

McKool Smith

Milberg PLLC

Motley Rice

Nichols Kaster

O'Melveny & Myers

Paul Weiss

Quinn Emanuel

Robbins Geller

Schertler Onorato

Shamis & Gentile

Siri & Glimstad

Sperling Kenny

Stinson LLP

Thompson Hine

Thrasher Dinsmore

Tripp Scott

Vinson & Elkins

Williams & Connolly

COMPANIES IN TODAY'S NEWS

AbbVie Inc.

Aetna Inc.

Affordable Care LLC

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Civil Liberties Union of Louisiana

Aramark

AstraZeneca PLC

Bauer Inc.

Boehringer Ingelheim Vetmedica Inc.

Compass Minerals International, Inc.

Dollar General Corp.

Express Scripts Holding Co.

Hazelden Betty Ford Foundation

Instagram Inc.

Janus Henderson Group PLC

Lockheed Martin Corp.

NAACP Legal Defense & Educational Fund Inc.

National Association of Criminal Defense Lawyers

Practising Law Institute Inc.

SVB Financial Group

The Florida Bar

Trader Joe's Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Medicare & Medicaid Services

Commonwealth of Massachusetts

Executive Office of the President

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Trade Commission

Food and Drug Administration

Illinois Supreme Court

Judicial Conference of the United States

U.S. Attorney's Office for the Eastern District of North Carolina

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

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 North Carolina

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

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

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

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

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

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

U.S. House of Representatives

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the Northern District of Ohio