A New York federal judge on Wednesday narrowed a proposed class action alleging the Teachers Insurance Annuity Association of America and its affiliates violated federal benefits law by coercing retirees into higher-cost managed accounts, holding individual retirees lacked standing to sue on behalf of participants in thousands of other plans.
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THURSDAY, MARCH 5, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Retirees' TIAA Rollover Advice Fee Suit Trimmed

By Kellie Mejdrich

A New York federal judge on Wednesday narrowed a proposed class action alleging the Teachers Insurance Annuity Association of America and its affiliates violated federal benefits law by coercing retirees into higher-cost managed accounts, holding individual retirees lacked standing to sue on behalf of participants in thousands of other plans.

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Cushman & Wakefield Ignored 401(k) Climate Risks, Suit Says

By Lauren Berg

Cushman & Wakefield mismanaged its employee retirement plan by ignoring "glaring red flags" in its selection of an underperforming fund that exposed investors to climate-related risks, according to what the plaintiff's counsel called a "first-of-its-kind" class action that accuses the commercial estate firm of violating the Employee Retirement Income Security Act.

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Construction Co. Hammers Out Deal In 401(k) Fee Suit

By Grace Elletson

A construction company has agreed to settle a suit claiming it stood by while its retirement plan was overcharged in management fees, causing workers to lose out on millions of dollars in savings, according to a California federal court filing.

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NJ Panel Reinstates Award In Firefighter Dental Benefits Fight

By Katherine Smith

A New Jersey state appeals panel has reinstated an arbitration award ordering the city of Paterson to pay the dental health insurance plan costs for members of a firefighters union, ruling that the city must cover the costs under the terms of its contract with the union.

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POLICY & REGULATION

House Panel Tussles Over Minnesota Medicaid Fraud Claims

By Mark Payne

The public political battle between Minnesota and the federal government over alleged Medicaid fraud in the state continued Wednesday on Capitol Hill, with Republicans and Democrats casting stones at each other after President Donald Trump's administration pulled nearly $260 million in healthcare funding from the state.

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LITIGATION

7th. Circ. Upholds Healthcare Co.'s Win In FMLA Suit

By Benjamin Morse

The Seventh Circuit affirmed a healthcare company's win in a former human resources specialist's Family and Medical Leave Act suit, holding that the health system lawfully terminated her for failing to return to work once her approved leave expired.

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Zantac Investor Class Action Time-Barred, Pa. Judge Rules

By Jonathan Capriel

The maker of heartburn and acid reflux relief tablet Zantac has defeated a securities fraud class action claiming the company hid for decades the cancer risks associated with the drug, causing a stock price drop when the truth was revealed, after a Pennsylvania federal judge ruled Wednesday that the claims were untimely.

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EXPERT ANALYSIS

Series

Law School's Missed Lessons: In Court, It's About Storytelling

Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

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LEGAL INDUSTRY

Judge Questions DOJ Stance In ABA's Intimidation Suit

By Jared Foretek

A Susman Godfrey LLP attorney told a district judge that the Trump administration's recent double-reversal on its executive orders targeting law firms proved that attorneys fighting government action face a real and ongoing threat and urged the judge not to toss a suit from his client, the American Bar Association, to end the "Intimidation Policy."

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DOJ Seeks Power To Block State Bar Probes Of Agency Attys

By Jake Maher

The U.S. Department of Justice is seeking to pause and review state-level ethics complaints against its attorneys to combat what the agency called "weaponization" of ethics processes, a proposal that drew concerns from ethics scholars for overstepping states' authorities.

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Analysis

Wheeling & Appealing: The Latest Must-Know Appellate Action

By Jeff Overley

If this month's circuit calendars were a March Madness bracket, we'd struggle to pick the top-seeded showdown. Big Pharma against the False Claims Act, or big business against President Donald Trump's visa fees? A big bank's view of "human life wagers," or en banc review in a State Farm class action?

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Bondi Subpoenaed To Testify On DOJ's Epstein Investigation

By Lauren Berg

The House Oversight Committee on Wednesday voted to subpoena U.S. Attorney General Pam Bondi to testify about the U.S. Department of Justice's investigation into deceased child sex offender Jeffrey Epstein, with five Republicans joining their Democratic colleagues to compel Bondi's testimony.

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Analysis

Trump's FCA Expansion Plan Heightens Compliance Risk

By Sarah Jarvis

In light of the Trump administration's record False Claims Act enforcement haul, companies should be especially mindful of a planned expansion in the scope of enforcement and the false compliance certification risks that may bring, attorneys say.

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SEC, PCAOB Auditor Enforcement Plummeted In 2025

By Sarah Jarvis

Both the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board saw decreases in accounting and auditing enforcement activity in 2025, including sharp decreases in SEC settlements and PCAOB fines for auditing actions.

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Comey, James Urge 4th Circ. To Reject Indictment Revival Bid

By Emily Sawicki

Former FBI Director James Comey and New York Attorney General Letitia James have urged the Fourth Circuit not to revive criminal indictments filed against them last year in the Eastern District of Virginia, arguing they were fatally flawed because they were brought by a federal prosecutor who was not lawfully in that position.

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Appeals Panel Debates NJ's Duty In Prosecutor Ethics Case

By George Woolston

A New Jersey appellate panel on Wednesday weighed whether it was in the state's best interest to represent an assistant prosecutor in an ethics proceeding, questioning how a prosecutor is different from any other attorney called before the disciplinary board.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Baker & Hostetler

Baker Botts

Bernstein Litowitz

Carmichael Ellis

Clement & Murphy

Cohen Milstein

Cooley LLP

Cooper & Kirk

Covington & Burling

Cozen O'Connor

Dechert LLP

Duane Morris

Fabricant LLP

Fish & Richardson

Gibson Dunn

Goldberg Kohn

Hecker Fink

Hogan Lovells

Jacobson Phillips PLLC

Jenner & Block

Joseph Greenwald & Laake

Kellogg Hansen

Kessler Topaz

Kirkland & Ellis

Kluger Kaplan

Latham & Watkins

Littler Mendelson

Lowell & Associates

Manatt Phelps

Mayer Brown

McGuireWoods

Milbank LLP

MoloLamken

O'Melveny & Myers

PRB Attorneys at Law

Paul Hastings

Paul Weiss

Perkins Coie

Schlichter Bogard

Scott & Corley

Shaw Perelson

Susman Godfrey

Walcheske & Luzi

Wheeler Trigg

Willkie Farr

WilmerHale

Winston & Strawn

COMPANIES IN TODAY'S NEWS

AbbVie Inc.

American Bar Association

Ameritas Life Insurance Corp.

Amicus

Apollo Global Management LLC

Ascension Health Inc.

CVS Health Corp.

Computer & Communications Industry Association

Concord

Cushman & Wakefield Inc.

Federalist Society

Fordham University

GSK PLC

Gallup Inc.

Google LLC

Jehovah's Witnesses

Johnson & Johnson

Meta Platforms Inc.

Micron Technology Inc.

Microsoft Corp.

Netlist Inc.

Ohio Public Employees Retirement System

Omnicare Inc.

Pew Research Center

Pinterest Inc.

Princeton University

Professional Footballers Association Enterprises Ltd.

Public Co. Accounting Oversight Board

RTX Corp.

Reddit Inc.

Samsung Electronics Co. Ltd.

Snap Inc.

Stanford University

State Farm Mutual Automobile Insurance Co.

Swinerton Inc.

Teachers Insurance & Annuity Association of America

The Goldman Sachs Group Inc.

TikTok Inc.

Tinder Inc.

U.S. Chamber of Commerce

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Medicare & Medicaid Services

Executive Office of the President

Federal Bureau of Investigation

Federal Election Commission

New Jersey Attorney General's Office

New Jersey Court

New Jersey Supreme Court

New York Attorney General's Office

Patent Trial and Appeal Board

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

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Defense

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the District of Columbia

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 Northern District of California

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

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

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court