Former New York broker Gregg Schonhorn was sentenced Wednesday to a year and a day in prison for his role in a pay-to-play bribery scheme in which a former New York pension fund director steered more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers, despite the defendant's "exceptional" cooperation with authorities.
International Paper Co. must face a former driver’s claim that the company has a practice of firing workers before they turn 55 to prevent them from collecting early-retirement benefits, a California federal judge ruled Tuesday.
An investor in United Airlines told a Delaware Chancery Court judge Wednesday that its claims against the company, its directors and former CEO over allegedly excessive compensation given to the executive after he was involved in a bribery scheme should survive because corporate officers shouldn’t be rewarded for bad behavior.
White & Case LLP rolled out a new parental leave policy in 2018 for its U.S. offices that offers 12 weeks of paid leave to all legal and business employees regardless of their gender, the firm confirmed on Wednesday.
A suit filed by a proposed class of shareholders claiming not enough information was disclosed about an Equus Total Return Inc. stock incentive plan was tossed in Delaware Chancery Court on Tuesday, with a vice chancellor finding the company satisfied its duty to inform stockholders about the plan.
A group of current and former Columbia University workers lost class certification in their Employee Retirement Income Security Act suit against the Ivy League school Tuesday after both parties challenged a New York federal magistrate judge’s ability to certify the roughly 24,000-member class.
Counsel for a class of 270,000 retirement plan participants urged a Tenth Circuit panel to revive their suit against Great-West Life & Annuity Insurance Co. over its distribution of investment profits Wednesday, arguing that the insurer must be considered a fiduciary under the Employee Retirement Income Security Act.
Former NFL player Tyrone Keys is fighting an effort from league benefit plans to trim the majority of an Employee Retirement Income Security Act suit he filed after they tried to claw back about $831,000 in disability payments, saying he has properly backed his claims.
A $990,000 settlement resolving a class action accusing Capgemini North America Inc. of cheating Indian national employees out of health care insurance cleared its final hurdle Tuesday when an Illinois federal judge granted final approval.
Nine West Holdings Inc. received New York bankruptcy court approval Tuesday to solicit votes from creditors on its plan to reorganize in Chapter 11 while certain stakeholders maintain that the fashion company's proposal to settle potential fraudulent transfer claims against owner Sycamore Partners is woefully inadequate.
The city of Seattle has further urged a federal judge to toss the ERISA Industry Committee’s attempt to scrap a revised section of the city’s municipal code governing hotel employee health benefits, hitting back at the argument that the ordinance is preempted by the Employee Retirement Income Security Act.
The Ninth Circuit on Tuesday refused to revive a proposed Employee Retirement Income Security Act class action accusing Chevron Corp. and an investment committee of mismanaging workers’ retirement funds, holding that the plan participants leading the suit didn’t sufficiently support their allegations.
The U.S. Supreme Court said Tuesday it won't hear a group of retirees' challenge to a Sixth Circuit opinion that found Honeywell International Inc. didn't owe them lifetime health care benefits.
Johnson Controls, advised by Simpson Thacher & Bartlett LLP, said Tuesday it will sell its power solutions business for $13.2 billion to Brookfield Business Partners LP and other investors, as the technology and industrial company looks to cut noncore assets and improve its financial position.
A London court has ruled that 23 former executives at AIG are entitled to deferred bonuses pre-dating the financial crisis that could be worth more than $100 million despite the units' involvement in the risky trading that nearly brought down the insurance giant.
A Wisconsin agency has appealed to the Seventh Circuit a ruling blocking the state from excluding gender-confirming medical care from state employees' health coverage and entering jury awards in favor of two transgender workers at the University of Wisconsin who were denied such care.
A 10-year Tesla compensation plan offering founder and CEO Elon Musk as much as $55.8 billion cannot avoid Delaware Chancery Court’s tough entire fairness review standards, despite director claims that more-permissive standards apply, an investor who challenged the deal argued Friday.
A former partner at Liddle & Robinson LLP has told a New York federal court that he should be cut from another former partner’s $23 million equal pay suit against the firm, arguing that she has not made a valid case against him and that her claims would be time-barred even if she had.
Employees no longer will be restricted from contributing to their retirement plans after taking out funds during times of hardship, under new regulations that the U.S. Department of the Treasury proposed Friday.
An options brokerage can’t break away from a consolidated securities class action against Valeant Pharmaceuticals, a New Jersey federal judge ruled after finding that it was too early to tell whether the firm’s interests would diverge from the larger pool of equity investors led by TIAA.
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.
The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.
When are fiduciary breach claims under the Employee Retirement Income Security Act susceptible to arbitration? Dylan Rudolph and Brian Murray of Trucker Huss APC discuss the state of the law and offer thoughts on certain elements that plan sponsors should consider.
On Election Day, the U.S. Supreme Court will hear argument in a case addressing whether payment to a railroad employee for time lost from work is subject to employment taxes. The technicalities of statutory interpretation won’t be front page news, but will affect thousands of cases each year, say attorneys at Hawkins Parnell Thackston & Young LLP.
Compensation committees may find value in reflecting a new public attitude toward workplace sexual misconduct in the structure of their companies’ executive pay programs. John Utz of Utz & Lattan LLC discusses how employers can design compensation packages to discourage or censure such misconduct.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.