ERISA Class To Have Its Day Against Bloomberg, BNA Merger

Law360, New York (February 4, 2013, 5:01 PM EST) -- A Virginia federal judge on Monday certified a class action by a former Bureau of National Affairs Inc. employee alleging the news agency's management failed to inform retirees in early 2011 about Bloomberg LP's then-pending $990 million acquisition of BNA.

U.S. Judge Liam O'Grady ruled that the suit satisfies the numerosity, commonality, typicality and adequacy requirements for class certification under the Employee Retirement Income Security Act, signing off on the class for named plaintiff Judith Knight's claim that the company's administrative committee, which oversaw its 401(k)...
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