The Seventh Circuit turned down a multiemployer pension fund's bid to reinstate a $23 million withdrawal liability bill against a concrete company, splitting Thursday with two other appellate courts on interpreting how an employer's prior partial withdrawal applies to a future complete exit.
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TOP NEWS

7th Circ. Backs Concrete Co. In $23M Pension Exit Fight

By Kellie Mejdrich

The Seventh Circuit turned down a multiemployer pension fund's bid to reinstate a $23 million withdrawal liability bill against a concrete company, splitting Thursday with two other appellate courts on interpreting how an employer's prior partial withdrawal applies to a future complete exit.

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Fla. Auto Dealer Resolves Suit Alleging 401(k) Mismanagement

By Patrick Hoff

An operator of car dealerships in Florida and Georgia agreed to settle a proposed class action alleging that 401(k) plan participants lost a significant chunk of their retirement savings when the company switched recordkeepers, according to a federal court filing.

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Ore. Judge Denies HHS' Attempt To Amend Gender Care Order

By Dan McKay

An Oregon federal judge on Thursday rejected the Trump administration's bid to narrow an earlier order that voided a policy declaration central to the government's crackdown on gender-affirming care for minors.

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Opioid MDL Judge Fears 'Chaos' If PBMs Derail 100s Of Suits

By Jeff Overley

The federal judge steering multidistrict opioid litigation is lacing into major pharmacy benefit managers for asking the Sixth Circuit to abruptly reverse a key ruling, denouncing their "spurious insinuations" about his motives and warning of disarray if they successfully break up the MDL's consolidated suits.

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LITIGATION

Judge Nixes Workers' Bid To Halt IRS Withholding Rules

By Zak Kostro

A Texas federal judge dismissed two workers' claims that the Internal Revenue Service's income tax withholding regulations resulted in employers overdeducting taxes from their employees' paychecks, finding that federal law bars the workers' bid to prevent tax collection.

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Inovalon Investors Reach $44M Deal Over $7.3B Take-Private

By Jarek Rutz

Inovalon Holdings Inc. investors have agreed to a $44 million settlement to end their Delaware Chancery Court suit challenging the healthcare data company's $7.3 billion take-private sale to a Nordic Capital-led consortium, resolving claims that stockholders were misled about conflicts involving the deal's financial advisers.

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Doximity Hit With Investor's Suit Over Ad Strategy Claims

By Sydney Price

Medical professional networking platform operator Doximity Inc. was hit with a shareholder's proposed class action accusing it of concealing it was losing market share to its competitors and that its website did not rely on the "deep engagement" advertising strategy it had previously touted.

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EXPERT ANALYSIS

9th Circ. Ruling Marks New Chapter In Risk Factor Tug-Of-War

The Ninth Circuit's recent dismissal of a securities fraud class action against SunPower is the latest in a growing line of cases addressing whether, if ever, a company's risk factor disclosures can give rise to potential liability, an area where the law remains unsettled, say attorneys at Alston & Bird.

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LEGAL INDUSTRY

Senate Confirms Kirkland Partner To Texas Federal Bench

By Courtney Bublé

The Senate voted 49-45 on Thursday to confirm Kasdin Miller Mitchell, a partner at Kirkland & Ellis LLP, to serve as a U.S. district judge for the Northern District of Texas.

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Analysis

Sue To Stop AI Armageddon? Not So Fast, Attys Say

By Y. Peter Kang

As executives at leading artificial intelligence companies increasingly assert that their own technology could one day pose an existential threat to humanity, a natural question follows: If the risk is real, can anyone sue to stop it before disaster strikes?

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Clancy Atty Denies Malpractice Claim By Man Serving Life

By Julie Manganis

A prominent Massachusetts criminal defense attorney best known for representing Lindsay Clancy has been accused in a separate case of "abandoning" a client who is serving life sentences for second-degree murder and home invasion, allegations the lawyer denies.

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AI Flubs, More Secure PACER Get Judiciary Forum Spotlight

By Jeff Overley

Misuse of artificial intelligence tools and a "state-of-the-art" revamp of electronic dockets in federal cases were among the hottest topics Thursday at a major meeting of judiciary leaders, who also heard a lawmaker warn of eroding trust in the U.S. Department of Justice.

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Analysis

For Single-Party FTC, Easier Suits May Come With A Cost

By Bryan Koenig

The Federal Trade Commission has ditched its historical multimember, multiparty ethos for a one-party regime in which fewer dissents might make it easier for Chairman Andrew Ferguson to pursue his agenda, but it also forecloses the potential "moderating influence" that comes with winning broad buy-in from commissioners of two parties.

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Immigration Attorney Wants SEC Sanctioned In EB-5 Case

By Tom Lotshaw

An immigration attorney and her firm asked a New York federal judge to sanction the U.S. Securities and Exchange Commission for failing to reasonably investigate an allegedly bogus unregistered securities claim it brought against them in an EB-5 immigrant investor case.

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Weaponization Fund Plaintiffs Say Discovery Ruling Was Right

By Jared Foretek

Plaintiffs suing over the Trump administration's once-proposed "anti-weaponization fund" are telling a Virginia federal judge to reject the U.S. Department of Justice's objections to a magistrate judge's discovery order, accusing the administration of stonewalling their requests and urging prompt discovery production.

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LAW FIRMS IN TODAY'S NEWS

Abrams & Bayliss

Alston & Bird

Bernstein Litowitz

Conn Maciel

Cozen O'Connor

Farrell & Fuller

Hinshaw & Culbertson

Kessler Topaz

Kirkland & Ellis

Labaton Keller

Latham & Watkins

McGuireWoods

Mona Shah & Associates

Morris Nichols

Morrison Cohen

Motley Rice

Quinn Emanuel

Ratzan Weissman

Simmons Hanly

Spangenberg Shibley

Sullivan & Cromwell

Walter J. Mathews PA

Wiley Rein

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Adidas AG

Albertsons Cos. Inc.

Alphabet Inc.

Amalgamated Bank

American Academy of Pediatrics

American Psychological Association

Anthropic PBC

Bread Financial Holdings Inc.

Central States Funds

Credit Suisse Group AG

Democracy Forward Foundation

Empower Annuity Insurance Co. of America

Evercore Inc.

Express Scripts Holding Co.

George Washington University

Inovalon Holdings Inc.

JPMorgan Chase & Co.

Lawyers for Civil Justice

Med-Trans Corp.

Meta Platforms Inc.

NVIDIA Corp.

National Rifle Association of America

National Treasury Employees Union

Nordic Capital Ltd.

NuRide Transportation Group LLC

OpenAI OpCo LLC

OptumRx Inc.

Peloton Interactive Inc.

Perfection Bakeries Inc.

Pharmaceutical Care Management Association

Phillips ADR Enterprises

Principal Financial Group Inc.

Quad Graphics Inc.

Safeway Inc.

SunPower Corporation

The Associated Press

The Cigna Group

U.S. Chamber of Commerce

UnitedHealth Group Inc.

Yum Brands Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Trade Commission

Internal Revenue Service

Judicial Conference of the United States

Oregon Attorney General's Office

Pension Benefit Guaranty Corp.

Superior Court of Massachusetts

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 Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Oregon

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 Northern District of Texas

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

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of Ohio