Insurance agents, their firms and an industry group agreed to drop a suit challenging the U.S. Department of Labor's 2020 interpretation on how fiduciary duties apply in rollover investment advice situations, which comes after the agency adjusted its regulations in March to reflect how litigation developments had changed policy.
Insurance agents, their firms and an industry group agreed to drop a suit challenging the U.S. Department of Labor's 2020 interpretation on how fiduciary duties apply in rollover investment advice situations, which comes after the agency adjusted its regulations in March to reflect how litigation developments had changed policy.
A health plan provider has agreed to pay up to $1.7 million to resolve a U.S. Department of Labor lawsuit claiming it unlawfully mixed plan assets from unrelated employers and charged its clients excessive fees, according to a filing in Illinois federal court.
Emergency room doctors urged the U.S. Supreme Court on Monday not to disturb a Fifth Circuit decision reviving their insurance reimbursement dispute against Blue Cross Blue Shield involving out-of-network claims from employee benefit plans, arguing the appellate court correctly restarted proceedings in the case.
The Federal Reserve has dug in on its stance that a former Wells Fargo anti-money laundering executive is not entitled to a "golden parachute" payout of over $450,000, telling a California federal court he still can't back his attempt to redistribute the blame.
A former New Jersey judge's suit against the state judiciary over the denial of her disability pension is back on after another round of mediation failed, according to a letter filed in New Jersey state court.
The Delaware Chancery Court this past week tackled a fresh mix of deal litigation, procedural disputes and fiduciary duty claims, with several rulings and filings underscoring the court's continued focus on contractual precision, forum enforcement and the limits of stockholder challenges.
The U.S. Department of Labor recently published a highly anticipated proposed rule that could establish more defined pathways for 401(k) plan fiduciaries to consider investment options with greater alternative asset exposure, and help fund sponsors and investment managers develop such options, say attorneys at Cleary.
The American Bar Association struck a deal to end a suit claiming a scholarship program for racial and ethnic minorities discriminated against white applicants, in line with a vow it made last year that its programs would be race-neutral, according to a filing Monday in Illinois federal court.
For the second time in a year, a judicial nominee for a Florida federal court is under scrutiny for allegedly presiding over a state level case involving President Donald Trump while being considered for a federal judgeship.
Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.
The Alabama Supreme Court tossed an appeal and sanctioned a Mobile, Alabama, attorney for filing "grossly deficient" briefs that contained multiple inaccurate legal citations that the justices attributed to artificial intelligence "hallucinations."
The U.S. Supreme Court on Monday refused to review $255,000 in sanctions on embattled attorney William Ramey and a client for bringing what a California judge said was a frivolous patent suit against Google, turning down his appeal arguing the decision used the wrong legal standard.
A defense strategy to fast-track the trial in a yearslong criminal foreign bribery case against a Mexican businessman in Texas appeared to backfire when he was convicted and sent to prison last year, but the gamble ultimately paid off when a judge permanently tossed the case earlier this month.
A Second Circuit judge said Monday that he is having a "hard time" understanding how the firing of a LVMH lawyer wasn't connected to her earlier harassment allegations, indicating a willingness to revive retaliation claims against the luxury goods giant.
