The Fourth Circuit revived part of an ex-Altria worker's suit claiming the company didn't move quick enough to liquidate his 401(k) assets so he could invest the cash in anticipation of a stock market bump, finding Monday he was improperly denied a contract document for the plan's record keeper.
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TOP NEWS

Ex-Altria Worker Gets Partial 4th Circ. Win In 401(k) Fight

By Grace Elletson

The Fourth Circuit revived part of an ex-Altria worker's suit claiming the company didn't move quick enough to liquidate his 401(k) assets so he could invest the cash in anticipation of a stock market bump, finding Monday he was improperly denied a contract document for the plan's record keeper.

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Feds Propose Regs On Trump Account Income Exclusion

By Kellie Mejdrich

The U.S. Treasury Department and IRS proposed regulations Monday on how employers can contribute to Trump Accounts, the new tax-advantaged brokerage accounts for children, along with guidelines on how to apply rules for nondiscrimination testing to those contributions.

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9th Circ. Backs City Of Tacoma In Pension Liability Rate Fight

By Ben Adlin

A Ninth Circuit panel sided with the city of Tacoma, Washington, in a pension fund dispute Monday, holding that a lower court correctly upheld an arbitrator's reassessment of the city's liability after it withdrew from the Western Metal Industry Pension Fund following the expiration of underlying collective bargaining agreements.

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Arkansas Medical System Escapes Target-Date 401(k) Suit

By Kellie Mejdrich

An Arkansas federal judge on Monday dismissed a proposed class action alleging Arkansas medical system Washington Regional mismanaged the system's employee 401(k) plan, holding that allegations of underperforming investment funds weren't backed up with enough comparisons to better-performing ones to state a claim for violating federal benefits law.

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9th Circ. Backs Unum Win In Worker's Long-COVID Fight

By Craig Clough

The Ninth Circuit on Monday affirmed an insurance company's win in an ex-worker's suit alleging his long-term disability benefits stemming from his bout with long COVID were wrongfully denied, upholding a district court's decision to back the insurer's denial based on the medical evidence. 

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LITIGATION

Judge Certifies Military Class In Delta Pilots' Leave Suit

By MJ Koo

Delta pilots who alleged that the airline failed to pay them for short-term military absences secured class certification in Georgia federal court, with a judge finding the core question of whether the airline's uniform leave policy violates federal military leave law can be resolved using common evidence.

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Brief

Electrolux Seeks DC Circ. Review Of IAM Pension's $32M Win

By Patrick Hoff

Appliance manufacturer Electrolux is turning to the D.C. Circuit to challenge a $32 million arbitration award in favor of an International Association of Machinists pension fund after a trial court upheld the award last month over the company's objections.

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Logistics Firm Hit With Suit Over Tobacco Use Surcharge

By Carla Baranauckas

Logistics firm NFI Industries Inc. unlawfully imposed a tobacco use surcharge on thousands of workers without offering mandated wellness program alternatives in violation of the Employee Retirement Income Security Act, a proposed class claimed in a New Jersey federal court complaint.

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4 Firms Vie To Lead Investor Class Action Against Roblox

By Jonathan Capriel

Roblox investors who claim they've lost a combined $48 million after an age-verification rollout triggered an 18% stock price collapse are competing to lead the proposed securities class action in California federal court against the online game platform, with Motley Rice LLC, Johnson Van Kwawegen LLP, Grant & Eisenhofer PA and the Rosen Law Firm PA all arguing they are the best firm for the job.

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LEGAL INDUSTRY

Trump Picks Ex-Personal Lawyer As New White House Counsel

By Courtney Bublé

President Donald Trump's incoming White House counsel is a former personal attorney for the president who is already working for the White House and was at the U.S. Department of Justice during his first term.

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Ill. Gov. Signs Bill Restricting PE Role In Legal Industry

By Emma Cueto

Illinois Gov. JB Pritzker has signed into law a bill designed to target nonlawyer ownership of law firms, outlawing fee sharing with out-of-state alternative business structures and attempting to place restrictions on law firms' use of managed services organizations.

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Spa Fights 9th Circ.'s 'Swinging Dicks' Order At High Court

By Jeff Overley

The Ninth Circuit's rejection of a spa's religious objections to serving transgender customers is incompatible with several major precedents, according to a U.S. Supreme Court petition filed Monday in litigation that soared in prominence when dozens of circuit judges decried a salacious dissent.

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CREXi Can't Stay CoStar Case For Quinn Emanuel DQ Appeal

By Matthew Perlman

A California federal court rejected a bid Monday from Commercial Real Estate Exchange Inc., or CREXi, for a stay in CoStar's copyright case while CREXi looks to undo the disqualification of its attorneys from Quinn Emanuel Urquhart & Sullivan LLP.

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Biz Owners Appeal Morgan Lewis Win In Tax Shelter Suit

By Andrea Keckley

A pair of business owners asked the Florida Supreme Court to reverse a decision affirming judgment in favor of Morgan Lewis & Bockius LLP in a dispute over whether the law firm had routed income through illegal tax shelters.

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LAW FIRMS IN TODAY'S NEWS

Barlow & Coughran

Burke Williams & Sorensen

Cohen Milstein

Dailey LLP

Davis Wright Tremaine

Dhillon Law Group

Donahue & Horrow

Gibson Dunn

Grant & Eisenhofer

Groom Law Group

Gupta Wessler

Hill Ward Henderson

Hunton Andrews

Johnson Pope Bokor Ruppel & Burns LLP

Kneupper & Covey

Latham & Watkins

Littler Mendelson

Milberg PLLC

Morgan Lewis

Motley Rice

Outten & Golden

Peter Romer-Friedman Law

Quinn Emanuel

Riverside NW Law Group

Rosen Law Firm PA

Sanford Law (Little Rock, AR)

Siri & Glimstad

Smith Morgan

Sperling Kenny

The Barton Firm LLP

Troutman

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

AB Electrolux

AQR Capital Management LLC

Affordable Care LLC

Alliance Defending Freedom

Altria Group Inc.

American Civil Liberties Union

American International Group Inc.

BDO LLP

BDO USA LLP

Barrick Gold Corp.

Boy Scouts of America

CRC Advisors

Chime Financial Inc.

CoStar Group Inc.

Comcast Corp.

Delta Air Lines Inc.

Federalist Society

Fort Point Capital

Franklin Resources Inc.

IAM National Pension Fund

Johnson Controls International PLC

Lambda Legal Defense & Educational Fund

LinkedIn Corp.

LoopNet Inc.

NFI Industries Inc.

Ohio Public Employees Retirement System

Otis Worldwide Corp.

Pacific Justice Institute

Pfizer Inc.

Roblox Corp.

State Teachers Retirement System of Ohio

The Goldman Sachs Group Inc.

Twitter Inc.

Unum Group

GOVERNMENT AGENCIES IN TODAY'S NEWS

Florida Supreme Court

Internal Revenue Service

National Capital Planning Commission

Pension Benefit Guaranty Corp.

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. Department of the Treasury

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of New Jersey

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 California

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

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

U.S. Navy

U.S. Supreme Court

Washington Attorney General's Office