Benefits Law360 provides breaking news and analysis on employee benefits and executive compensation law. Coverage includes benefits-related litigation — including Employee Retirement Income Security Act suits and tax and compliance issues over executive compensation — as well as legislative and regulatory activity.
A Texas appeals court on Friday blocked the city of Austin’s ordinance making employers give workers paid sick time, agreeing with the state and a business coalition that the law is unconstitutional.
In this week’s Taxation With Representation, SAP SE inks an $8 billion cash deal for Qualtrics International Inc., Veritas Capital and Elliott Management affiliate Evergreen Coast Capital takes Athenahealth private for $5.7 billion, and Johnson Controls sells its power solutions business to Brookfield Business Partners for $13.2 billion.
The U.S. Chamber of Commerce, ERISA Industry Committee and other industry groups urged the Second Circuit not to revive a class of PricewaterhouseCoopers LLP retirees' Employee Retirement Income Security Act suit, arguing that their appeal was based on a "fundamental misunderstanding."
President Donald Trump’s nominee to lead the Pension Benefit Guaranty Corp., a former businessman who is related to Senate Majority Leader Mitch McConnell, R-Ky., cleared the Senate Finance Committee by a vote of 25-2 on Thursday, with two Democratic lawmakers from largely blue-collar states voting against him.
The California Public Employees’ Retirement System, State Street Global Advisors and other institutional investors managing a total of $4.83 trillion in assets have signed off on a set of principles aimed at creating a “framework to advance a responsible civilian firearms industry” in the U.S.