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TOP NEWS
EMPLOYMENT & BENEFITS
Roundup
ERISA Recap: 6 Noteworthy Decisions From March
By Kellie Mejdrich
JPMorgan Chase & Co. narrowed but couldn't escape a suit from workers who said their health plan paid too much for prescription drugs, Genworth Financial Inc. unwound a class at the Fourth Circuit, and the Sixth Circuit breathed new life into proposed class actions against FedEx and Kellogg. Here, Law360 looks at these and three other notable decisions from March in ERISA cases.
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NJ Car Dealer Accused Of Picking Pricey 401(k) Funds
By Carla Baranauckas
Holman Automotive Group Inc. was slapped with a proposed class action in New Jersey federal court accusing the company and unidentified plan fiduciaries of breaching their duties under ERISA by saddling employees with unnecessarily expensive retirement plan investments that allegedly drained more than $1 million from workers' savings.
Complaint attached |
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SECURITIES
Mercury Systems Investors Seek Final OK Of $32.5M Deal
By Emilie Ruscoe
Investors in aerospace and defense technology company Mercury Systems Inc. have asked a Boston federal judge to give the final nod to their $32.5 million deal to end claims the company mischaracterized certain integration processes amid a $1.4 billion acquisition spree, causing trading prices to slide as the company acknowledged financial fallout stemming from the integration woes.
Memorandum attached |
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COMPETITION
PRODUCT LIABILITY
CYBERSECURITY & PRIVACY
AI Hiring Startup Reckless With Users' Data, Suit Says
By Rae Ann Varona
A San Francisco startup that helps experts land roles training artificial intelligence models failed to prevent a cyberattack that exfiltrated databases, source code, and the personal information of customers and employees from the startup's information technology network, a putative class action in California federal court alleged.
Complaint attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
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