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TOP NEWS
Genworth Unravels 401(k) Fund Suit Class Cert. At 4th Circ.
By Kellie Mejdrich
The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group.
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Panel Blocks Pension Atty Fee Deduction By Wash. Agency
By Ben Adlin
Washington's Department of Retirement Systems can't pay down a $12.6 million legal bill related to a $32 million class settlement over pensions by deducting from a class member's withdrawal of their state retirement contributions, a three-judge state appellate panel ruled Tuesday, partially affirming a trial court's ruling in the worker's favor.
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LITIGATION
CVS Can't 'Relitigate' Price-Gouging Class Cert.
By Bryan Koenig
A Rhode Island federal judge refused to narrow the certified classes of health plans alleging CVS schemed with pharmacy benefit managers to overcharge insured health plans for generic drugs, finding that PBM Express Scripts' refusal to produce its contracts changes nothing about how the classes will be assessed.
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LEGAL INDUSTRY
J&J Opposes Beasley Allen Reinstatement Bid In NJ Talc Fight
By Emily Sawicki
Johnson & Johnson is urging the New Jersey Supreme Court to not take the "extraordinary step" of intervening in an appellate panel ruling that disqualified Beasley Allen from representing hundreds of women in product liability litigation against the pharmaceutical giant after the Georgia-based firm "knowingly collaborated" with a former Johnson & Johnson outside counsel.
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