June 28, 2021
A small New York firm that represented ex-IBM workers in a lawsuit that ascended to the nation's highest court before settling for $4.75 million asked a New York federal court for $1.4 million in fees for their work on the "unusual" case.
April 05, 2021
IBM struck a $4.75 million deal resolving a proposed class action that reached the U.S. Supreme Court in 2020, potentially ending workers' claims that the tech giant violated the law by failing to act on inside information that hurt its stock value.
July 29, 2020
From a U.S. Supreme Court case over an Arkansas law regulating pharmacy benefit managers' drug reimbursement rates to a new suit challenging UnitedHealth Group's "cross-plan offsetting" method of recouping overpayments, the second half of 2020 is gearing up to be interesting. Here, Law360 looks at five ERISA cases lawyers should keep an eye on.
February 24, 2017
IBM on Friday urged a New York federal judge to throw out the second amended complaint in a putative class action by employees alleging that fraud involving the sale of its troubled microchip division made its stock plunge, saying the new filing merely repeated deficient claims from the earlier dismissed complaint.
September 07, 2016
A New York federal judge on Wednesday dismissed a proposed shareholder class action and a similar suit filed under the Employee Retirement Income Security Act in connection with IBM's decision to transfer its microchip division, which cost it $4.7 billion, saying plaintiffs' arguments didn't pass muster.
March 18, 2016
IBM urged a New York federal judge Friday to kill three potential investor class actions that contend managerial fraud and cover-ups involving the sale of its microchip division made its stock plunge, saying the investors haven’t argued the company violated accounting rules or hid its intentions, or even that the divestment caused the price drop.