The bankrupt holding company for Laura Geller and other affiliated makeup brands received court authorization Wednesday to fully tap a $15 million Chapter 11 loan package but must make a few tweaks before implementing all of the provisions it has proposed in two employee bonus programs.
A man accused of misleading veterans in his brokering of high-cost loans pitched as pension sales has been slapped with a $1 fine as part of a settlement with the Consumer Financial Protection Bureau announced Wednesday, prompting criticism from consumer advocates.
The Trump administration on Wednesday sought Third Circuit review of a Pennsylvania federal court’s nationwide preliminary injunction barring moral- or religious-based employer exclusions from the Affordable Care Act’s birth control coverage mandate.
The Pension Benefit Guaranty Corp.’s loss is Wagner Law Group’s gain as 30-year PBGC veteran Israel Goldowitz retired from his position as the agency’s deputy general counsel for program law and policy to join Wagner’s Washington, D.C., office as a partner, according to a Wednesday announcement.
A group of more than 28,000 current and former Cornell University workers won class certification in a suit accusing the Ivy League school of mismanaging workers’ retirement savings in violation of the Employee Retirement Income Security Act.
Johnson & Johnson cost its workers millions by allowing them to invest their retirement savings in overvalued company stock while hiding the fact that its talcum powder contains asbestos, according to a proposed class action complaint in New Jersey federal court.
AMC Entertainment Holdings Inc. urged a New York federal judge on Tuesday to toss a putative shareholder class action, arguing investors failed to show the movie theater chain caused a drop in stock prices by making misstatements and omissions during a trio of major acquisitions.
A group of current and former Northwestern University workers got an assist in their Employee Retirement Income Security Act suit against the school from advocacy groups that urged the Seventh Circuit to revive the workers’ case claiming their retirement savings were mismanaged.
A class of New York University employee retirement plan participants defended two retired federal judges on Tuesday after NYU insinuated the judges were paid off to say another former federal judge should have recused herself from a bench trial against the school.
A proposed class of participants in the University of Rochester's retirement plan dropped a suit Monday that claimed the school violated the Employee Retirement Income Security Act by letting the plan charge excessive fees.
A California federal judge has granted a preliminary injunction barring a chain of shuttered Southern California rehabilitation centers from selling off various assets while the company faces a suit accusing it of misusing money meant to go toward a self-funded health benefit plan.
An $11.15 million settlement in an Employee Retirement Income Security Act class action over an embattled retirement plan for Rhode Island hospital workers should be approved, the receiver for the plan asserted Monday, ripping objections to the agreement from other parties to the suit.
Current and former AT&T employees have pressed a California federal judge to preserve their proposed class action alleging the telecom giant piled unnecessary costs and fees onto its nearly $35 billion 401(k) plan, saying the company’s bid to escape their claims relies on a precedent that shouldn’t apply.
A former Weil Gotshal & Manges LLP bankruptcy partner has hit Metropolitan Life Insurance Co. with a lawsuit in New York federal court accusing the insurance carrier of wrongly denying him long-term disability benefits even though he suffers from a series of psychiatric problems.
A disabled Alabama woman on Wednesday urged a federal judge not to force her to arbitrate her dispute with Generali Worldwide Insurance Company Ltd. over disability benefits thousands of miles away in London — slamming the agreement as both procedurally and substantively unconscionable, and therefore unenforceable.
The last week has seen former Rabobank trader Anthony Conti sue his old employer, ArcelorMittal take Essar’s investment manager to court months after acquiring its steel business, and the managing director of AlixPartners sue a prominent Irish businessman and a British property tycoon. Here, Law360 looks at those and other new claims in the U.K.
Drinker Biddle & Reath LLP has nabbed two partners for its growing employee benefits practice, adding a former Venable LLP partner in Washington, D.C., and a former Foley & Lardner LLP partner in Dallas.
The Second Circuit won’t rethink its decision to revive a proposed Employee Retirement Income Security Act class action accusing IBM of wrongly investing its workers’ retirement savings into overvalued company stock, the court ruled Friday.
Bank of America Corp. urged the U.S. Supreme Court Thursday to not review a case seeking to compel a judge to force the bank to disgorge 401(k) plan transaction profits, saying the judge correctly found no profits existed, and he shouldn’t have to issue an inappropriate remedy.
Providers of a West Coast health and welfare plan urged a California federal court on Thursday to dismiss a group of dockworkers' suit over $4.1 million in unpaid health-care claims, arguing that the group's allegations aren't backed up by facts and that some of the workers had already fought out the issue in arbitration.
Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.
Team-based specialization in mass tort litigation defense allows each member to draw on individual strengths, maximizing their contribution. A core tenet of this approach is using settlement counsel to focus on strategic initiatives and end-game resolution efforts, separate from the heated battle lines of the litigation, say attorneys at Faegre Baker Daniels.
The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem.
In the final installment of their four-part series, attorneys with Skadden Arps Slate Meagher & Flom LLP focus on corporate governance best practices such as disclosures related to board evaluations and virtual shareholder meetings; the status of Dodd-Frank and other U.S. Securities and Exchange Commission rule-making matters; and considerations in assessing social media policies.
In the third installment of their four-part series, attorneys with Skadden Arps Slate Meagher & Flom LLP consider corporate governance best practices including environmental, social and governance reporting, updates to director and officer questionnaires, board diversity and related disclosures, and shareholder proposals.
Alternative dispute resolution providers have made great strides toward diversity, but recent statistics show there is still work to be done. There are certain steps ADR providers can take to actively recruit more women and minority candidates to serve as arbitrators and mediators, says James Jenkins of the American Arbitration Association.
Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.
In this installment of their four-part series, attorneys at Skadden Arps Slate Meagher & Flom LLP offer insights to companies on executive compensation matters for 2019 — including pay ratio and hedging disclosures, say-on-pay votes and changes in pay practices due to the Tax Cuts and Jobs Act.
Each company faces important decisions in preparing for its 2019 annual meeting and reporting season. This four-part series by attorneys at Skadden Arps Slate Meagher & Flom LLP covers essential items on which companies should focus, including corporate governance, executive compensation and disclosure matters.
Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.