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TOP NEWS
ATI Beats ERISA Suit Over $1.5B Pension Risk Transfer
By Kellie Mejdrich
Defense and aerospace company ATI won escape from a proposed class action alleging it put retirees' benefits at risk by transferring approximately $1.5 billion of pension obligations to a private equity-backed insurance company, convincing a Pennsylvania federal court Monday that ex-workers hadn't sufficiently demonstrated standing to sue.
Order attached |
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Trade Group Can't Challenge Calif. PBM Law
By Kellie Mejdrich
A healthcare industry group representing pharmacy benefit managers lost its initial bid to challenge a California state law restricting their business practices, after a federal judge determined its complaint didn't go far enough to prove standing for the group representing PBMs, which intermediate between drugmakers, pharmacies and insurers.
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LITIGATION
Elf Beauty Investors Seek Class Cert. In Inventory Suit
By Katryna Perera
Investors in cosmetics business e.l.f. Beauty Inc. who are suing the company for allegedly hiding growing inventory issues stemming from inadequate sales have asked a California federal judge for class certification and to appoint Labaton Keller Sucharow LLP as class counsel, saying the requirements for certification fit the case "like a glove."
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EXPERT ANALYSIS
LEGAL INDUSTRY
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