Interview

Trump's Ex-Labor Secretary Talks New PAC, Legacy

By Max Kutner

In her first interview since stepping down as secretary of labor, Lori Chavez-DeRemer told Law360 about the political action committee she’s starting with President Donald Trump’s blessing and what she’s proudest of from her time running the U.S. Department of Labor.

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Fed Board Prevails Over Ex-Wells Fargo Exec's Comp Fight

By Kellie Mejdrich

Federal bank regulators rightly denied a golden parachute payout of more than $450,000 to a former Wells Fargo executive who was found responsible for significant problems that led to a consent order against the bank a decade ago, a California federal judge ruled.

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NC Treasurer Can Now Tap Private Attys To Rep Pension Plans

By Hayley Fowler

A bill that crossed the North Carolina governor's desk Tuesday will let the state treasurer hire private outside counsel to represent the state's retirement systems instead of relying on attorneys in the state Department of Justice.

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Baxter Beats Stable Value Fund 401(k) Plan Suit, For Good

By Gina Kim

Baxter International permanently defeated a proposed class action claiming the relatively low returns of the medical products company's employee retirement plan were evidence of mismanagement, after an Illinois federal judge ruled Tuesday the allegations only show the stable value fund in the plan "may not have been best in class — nothing more."

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PBMs Fight Bid To Add Pharmacy Group To Price-Fixing Suit

By Parker Quinlan

Two pharmacy benefit managers have told a Michigan federal judge that a trade association for small pharmacies should not be allowed to intervene in a price-fixing lawsuit brought by the state's attorney general.

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8th Circ. Dismisses Appeal In US Bank Pension Fight

By Kellie Mejdrich

The Eighth Circuit on Wednesday agreed to dismiss an appeal from a proposed class of U.S. Bank retirees who claimed their early retirement payments were unlawfully reduced, after retirees told the court earlier this month they had opted not to pursue revival of their federal benefits dispute.

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DC Metro Accused Of Denying Benefits While Skirting ERISA

By Grace Elletson

The Washington Metropolitan Area Transit Authority illegally denied benefits and is attempting to hide behind a carveout in federal benefits law for government pension plans to avoid accountability, two plan participants claimed in a lawsuit.

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Del. Judge Recuses Herself From Apollo $570M Payout Suit

By Katryna Perera

The Delaware vice chancellor presiding over litigation regarding a $570 million payout to Apollo Global Management Inc. insiders has disqualified herself from the case after a possible conflict of interest arose due to her former role as an attorney with Skadden Arps Slate Meagher & Flom LLP, which was involved in a merger with ties to the payout.

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Longtime Fed. Prosecutor Joins Sanford Heisler In San Diego

By Adrian Cruz

Sanford Heisler Sharp McKnight LLP announced Wednesday a longtime federal prosecutor and former executive counsel at energy equipment company GE Vernova has joined the firm's San Diego office as a partner.

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