A microchip-maker will pay more than $13 million to settle a long-running class action alleging it illegally shut down a severance program following a 2016 merger, according to terms of the proposed deal filed in California federal court.
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WEDNESDAY, JULY 22, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Microchip Co. Will Pay $13M To End Merger Severance Fight

By Kellie Mejdrich

A microchip-maker will pay more than $13 million to settle a long-running class action alleging it illegally shut down a severance program following a 2016 merger, according to terms of the proposed deal filed in California federal court.

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BofA Agrees To Pay $4.3M To Settle Unused Vacation Pay Suit

By Bonnie Eslinger

Bank of America agreed to a $4.3 million deal to end claims that it didn't pay out unused vacation time for thousands of workers, though the settlement hit a minor setback when a federal judge ruled the plaintiffs set a hearing date too soon after filing their preliminary approval motion.

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Grocery Chain To Shell Out $225K To Settle 401(k) Fee Suit

By Katherine Smith

A supermarket chain agreed to pay $225,000 to settle a proposed class action claiming the company allowed its 401(k) plan to be weighed down by excessive fees, according to a motion filed in New York federal court Monday.

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7th Circ. Backs Printing Co. In $265M ESOP Sale Fight

By Celeste Bott

The Seventh Circuit won't revive a lawsuit claiming a printing company's directors and employee stock ownership plan trustee illegally undersold the business into private equity for $265 million, saying a lower court made no clear errors in throwing out the case.

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Comcast Faces ERISA Suit Over Employee Tobacco Surcharge

By Matthew Santoni

Comcast Corp. violated federal benefits law by charging employees who use tobacco an extra fee without spelling out alternatives like smoking-cessation programs and making full refunds available to workers who complete them, a worker says in a proposed class action in Pennsylvania federal court.

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POLICY & REGULATION

Pension Guarantor Proposes Rule On Disclosure Penalties

By Kellie Mejdrich

The Pension Benefit Guaranty Corp. proposed a rule Monday on monetary penalties for failures to provide information on single-employer and multiemployer benefit plans that clarifies how plan sponsors can lower what's owed when they run afoul of their disclosure duties under federal benefits law.

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LITIGATION

Ex-Worker Says CSX Can't Avoid FMLA Trial

By MJ Koo

A former CSX Transportation Inc. conductor has urged a Florida federal court to let his medical leave retaliation claims go to a jury, saying the company's investigation into his alleged misuse of approved leave was statistically baseless and fundamentally flawed.

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Michigan Says Airline Sick Leave Suit Lacks Factual Basis

By Susan Smiley

Susan Corbin, director of Michigan's Department of Labor and Economic Opportunity, says the state's Earned Sick Time Act does not interfere with airline operations and urged a Michigan federal judge to dismiss an industry group's suit claiming the statute is unconstitutional and interferes with collective bargaining agreements.

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Auto Parts Co., Investors Ink $12.8M Deal In Merger Suit

By Sydney Price

Automotive equipment manufacturer Holley has reached a $12.8 million settlement with investors who accused it of concealing declining business trends following a 2021 merger with a special purpose acquisition company.

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More Urban Hospitals Challenge HHS Medicare Wage Index

By Hailey Konnath

Dozens of urban-area hospitals have filed another suit over the Health and Human Services wage index methodology for Medicare reimbursements, claiming the calculation was flawed between 2019 and 2023 and they are owed "prompt" payment to remediate the incorrect calculations.

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Insurers Urge Stay In Fla. Atty's Malicious Prosecution Suit

By Rose Krebs

Health insurers including Aetna and UnitedHealth Group are urging a Florida federal court to pause discovery in an attorney's malicious prosecution suit pending a decision on the insurers' motions to dismiss, saying they expect the case to be tossed or significantly trimmed.

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EXPERT ANALYSIS

3rd Circ. ERISA Ruling Stresses Process Over Perfect Returns

The Third Circuit's recent decision in Quest Diagnostics affirms that a sound fiduciary process — not perfect investment returns — defeats Employee Retirement Income Security Act claims, signaling that courts will keep scrutinizing how fiduciaries decide, and sponsors who can show their work should remain protected, say attorneys at Nixon Peabody.

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LEGAL INDUSTRY

How Competitive Is Your Pay? Last Call To Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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Simpson Thacher Caused 'Chaos' With Deal, Jury Hears

By Cara Salvatore

The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit public markets and executives found out that its terms differed from their understanding of them.

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Dems Press Skadden On Trump Pro Bono Pact, Intel Deal Work

By Lauren Berg

A group of Democrats demanded Tuesday that Skadden Arps Slate Meagher & Flom LLP disclose details of its pro bono arrangement with the Trump administration in light of allegations the firm advised both Intel Corp. and the U.S. Department of Commerce when the administration received a 10% company stake.

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Blanche Denies Conflict With Family's Firearms Company

By Courtney Bublé

Acting Attorney General Todd Blanche has close ties through his wife's family to a gun manufacturer that does federal contracting, but he told senators in questions following his confirmation hearing there is no conflict of interest, despite his service on a Justice Department task force aimed at rolling back gun control initiatives around the country.

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Trump, DOJ Sued For Firing Court-Appointed Seattle US Atty

By Bonnie Eslinger

Roger Rogoff, a former Washington state judge who was sworn in as Seattle's new U.S. attorney last week and then swiftly fired by the Trump administration, filed a federal lawsuit Tuesday against President Donald Trump and the U.S. Department of Justice, saying their "attempt to fire him cannot stand."

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Reagan-Appointed NC Federal Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge Terrence William Boyle of the Eastern District of North Carolina plans to take senior status — a form of semi-retirement that gives federal judges a reduced caseload — at a date yet to be determined, according to a recent update from the federal judiciary.

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Senate Confirms Trade Court Pick Despite Past GOP Posts

By Courtney Bublé

The U.S. Senate voted 50-48 Tuesday evening to confirm Kara Westercamp, associate counsel to the president, to the U.S. Court of International Trade, who said during her confirmation in March she regretted her past social media posts critical of Republicans, including Sens. Mitch McConnell, R-Ky., Susan Collins, R-Maine, and the late Lindsey Graham, R-S.C.

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Bronx Public Defenders Set Strike Deadline

By Emily Sawicki

More than 300 unionized workers at legal aid organization The Bronx Defenders are set to walk out on July 27 if they cannot agree on a contract with the legal nonprofit's management, according to a Tuesday announcement.

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LAW FIRMS IN TODAY'S NEWS

Altshuler Berzon

Ashurst Perkins

Baker & Hostetler

Barrett Johnston

Boies Schiller

Burns Charest

Bush Seyferth

Casey Jones Law

Conrad & Scherer

Crowell & Moring

DLA Piper

Gunster Yoakley

HKM Employment Attorneys

Harter Secrest

Hartley LLP

Hogan Lovells

Jackson Lewis PC

Jenner & Block

Jones Day

Kaplan Johnson

King & Spalding

Latham & Watkins

Law Office of William Reilly

Law Offices of McGuinn Hillsman

Munger Tolles

Nixon Peabody

O'Melveny & Myers

Ogletree Deakins

Robbins Geller

Robins Kaplan

Schneider Wallace

Sharman Law Firm

Simpson Thacher & Bartlett

Sinton Scott

Siri & Glimstad

Skadden Arps

Stearns Weaver

Stueve Siegel

Susman Godfrey

Williams & Connolly

WilmerHale

Winston Taylor

COMPANIES IN TODAY'S NEWS

ABB Asea Brown Boveri Ltd.

Aetna Inc.

Air Transport Association of America

Akron General Health System

Amazon.com Inc.

American Airlines Group Inc.

American Bar Association

Atmel Corp.

Bank of America Corp.

Brooklyn Defender Services

CSX Corp.

Comcast Corp.

CommonSpirit Health

Cornell University

Cottrell Inc.

Delta Air Lines Inc.

Elevance Health Inc.

FedEx Corp.

Florida Blue

GreatBanc Trust Co.

Intel Corp.

JPMorgan Chase & Co.

JetBlue Airways Corp.

LinkedIn Corp.

Loomis Sayles & Co. LP

Microchip Technology Inc.

Microsoft Corp.

NFL Enterprises LLC

National Rifle Association of America

Neighborhood Defender Service of Harlem

Patriot National Inc.

Quest Diagnostics Inc.

Southwest Airlines Co.

The Bronx Defenders

The Golub Corp.

The UPS Store

Tops Markets LLC

Twitter Inc.

Unisys Corp.

United Airlines Holdings Inc.

UnitedHealth Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Alcohol Tobacco Firearms and Explosives

Executive Office of the President

Federal Judicial Center

Pension Benefit Guaranty Corp.

U.S. Attorney's Office for the Western District of Washington

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. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Commerce

U.S. Department of Defense

U.S. Department of Justice

U.S. Department of Labor

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 Eastern District of North Carolina

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 Middle District of Florida

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

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

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

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

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

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

U.S. Senate

U.S. Supreme Court