Private equity giants KKR & Co. Inc. and Bain Capital L.P. announced Tuesday they have established a $20 million fund to provide severance pay for some of the more than 30,000 former employees of the bankrupt Toys R Us chain.
An Arizona public pension fund shot back at a hedge fund management company seeking to escape a multibillion-dollar securities class action over Valeant Pharmaceuticals International Inc.’s massive stock drop, reminding a New Jersey federal court Monday that it already rejected their bid to duck insider trading allegations.
A former Denver Broncos player sued the NFL’s retirement and disability benefit plans in federal court Tuesday, alleging they abused their discretion by denying him permanent disability benefits for injuries he suffered while playing, which he said prevent him from working.
Cryptic concerns about international criminal investigations were not enough Tuesday to secure New Jersey attorney John M. Hanamirian a leadership role defending hundreds of American pension plans against multidistrict litigation accusing them of cheating Danish tax authorities, a Manhattan federal judge said in court.
A group of former National Football League security personnel filed a proposed class action in a New York federal court Tuesday claiming the league misclassified them as independent contractors as a way to deny them overtime and benefits.
GlaxoSmithKline LLC and a group of former employees who were laid off from a North Carolina facility are competing for quick wins in a federal bellwether case accusing the pharmaceutical giant of wrongly not paying the former workers severance benefits.
Waddell & Reed Financial Inc. has agreed to pay nearly $5 million to settle a proposed class’ claims that the financial planning company wrongly chose affiliated investment options for its 401(k) plan over cheaper, better-performing alternatives in violation of the Employee Retirement Income Security Act, according to filings in Kansas federal court.
Sen. Mike Enzi, R-Wyo., sent a letter Monday to the U.S. Department of Veterans Affairs asking for answers about a software glitch that has been causing delays in GI Bill benefits payments and a breakdown of the money spent to fix the problem.
The New York chapter of an insurance industry trade group filed suit Friday seeking to invalidate a state agency regulation requiring agents and brokers to act in consumers' "best interest" when selling life insurance policies and annuities, saying the regulator overstepped its bounds and the rule is impermissibly vague.
A group of states is continuing its fight against Trump administration regulations that would allow companies to stop covering workers’ birth control for religious or moral reasons, telling the Ninth Circuit Friday that a California federal judge should handle the lawsuit’s next phase.
A federal judge approved a settlement Monday under which Pontiac, Michigan, will pay $4.25 million, in addition to up to $1.5 million per year going forward, to end a suit from city retirees who said their health benefits were nixed in violation of a collective bargaining agreement.
Uber's ex-CEO Travis Kalanick asked a California federal judge Friday to toss a Texas-based retirement fund’s revamped proposed class action claiming Uber’s and Kalanick's illicit business tactics, corporate bullying, institutionalized harassment and rampant flouting of the law cost investors billions.
Aralez Pharmaceuticals Inc. received permission from a New York federal judge Monday to move forward with a work performance bonus program that could pay nine company executives up to nearly $4.1 million while the drugmaker is in bankruptcy, overcoming opposition from a committee of unsecured creditors.
A Mississippi federal judge should not allow KPMG LLP to immediately appeal an October decision forcing it to face allegations that it knew or carelessly ignored that Singing River Health System stopped paying into an employee pension plan in 2009, a plan participant said Friday.
Carlos Ghosn, the CEO and chairman of the Nissan-Renault-Mitsubishi Alliance and one of the world’s best-known businessmen, was arrested by Japanese authorities early Monday morning after an investigation sparked by a whistleblower revealed he underreported his income and misused Nissan company funds for years.
Two U.S. labor unions have hit Puerto Rico's government and its federally appointed oversight board with a lawsuit for failing to put the pension deposits for tens of thousands of public employees into proper accounts and instead “stashing” the money in non-interest bearing accounts at a scandal-plagued bank.
The U.S. Department of Justice late Friday scoffed at Maryland’s newly launched lawsuit aimed at shielding the Affordable Care Act from a constitutional challenge, arguing that the state has no right to the ACA’s continued existence.
The Trump administration claims its recently proposed health reimbursement arrangement rule, which allows companies to give workers money to buy their own health insurance, won’t saddle low-income workers with steep medical bills or leave those with pre-existing conditions in the lurch. But experts are split on whether provisions meant to protect workers from health-based discrimination and high health-care costs will be strong enough.
A California federal judge has granted Franklin Templeton a quick win on one of its arguments that fought a breach of fiduciary duty claim made in an Employee Retirement Income Security Act class action accusing the firm of mismanaging its workers’ retirement savings.
A New York federal judge certified a class of current and former Columbia University workers in their Employee Retirement Income Security Act lawsuit against the university on Thursday, moving the case forward from a dispute about whether a magistrate judge properly weighed in on class certification last week.
Now that the midterms are over, business leaders have a little insight into the future of taxes, trade and other policy issues affecting the economy. Still, companies should remain agile as, come January, a new and divided Congress will begin to chart its course, says Mary Moore Hamrick of Grant Thornton LLP.
Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.
On Oct. 23, the departments of Treasury, Labor and Health and Human Services released long-awaited guidance that would allow employees to use health reimbursement arrangement funds to buy their own health insurance. Attorneys at Groom Law Group examine the proposed regulations and the implications for taxpayers should they become final.
Joshua Peck, incoming marketing director of Hill Wallack LLP, traces the evolution of the chief marketing officer position at law firms and shares insights from three legal marketing pioneers.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.
With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.
Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.
Health care featured prominently in the 2018 midterm election campaign. Here, attorneys with Debevoise & Plimpton LLP offer thoughts on what the election results and a divided Congress mean for different sectors of the health care industry.
In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.
Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.