Northeastern Settles Retirement Plan Fee, Investment Suit

By Kellie Mejdrich

Northeastern University has agreed to settle a proposed class action from employee retirement plan participants who alleged their savings were dragged down by poorly-performing investments and high fees, parties told a Massachusetts federal court on Monday.

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Unum Must Pay Trademark Atty $1M In Disability Benefits Suit

By Grace Elletson

A Minnesota federal judge said Unum owes a trademark attorney about $1 million in disability benefits and attorney fees, after ruling the insurance provider violated federal benefits law by terminating her benefits while she was in the midst of recovering from breast cancer.

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Calif. Legislators OK Requiring Oversight Of Workplace AI

By Patrick Hoff

The California Senate has approved a bill that would restrict how employers can use tools powered by artificial intelligence to make employment decisions, sending the legislation to Gov. Gavin Newsom's desk despite opposition from business groups.

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Trump Once More Floats The End Of The Quarterly Report

By Jessica Corso

President Donald Trump has again suggested that publicly traded companies be allowed to issue financial reports twice a year instead of quarterly, reigniting a debate that stalled during his prior term in office when the U.S. Securities and Exchange Commission did not pursue such rulemaking.

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Brief

House Panel To Consider Retirement, Tribal Workforce Bills

By Kellie Mejdrich

A House panel announced plans Monday to advance several workforce and retirement-related bills later this week, including legislation that would require new reporting from the U.S. Department of Labor's employee benefits arm on information-sharing agreements and a bill to exempt tribal governments from federal wage laws.

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IRS Finalizes Retirement Savings Catch-Up Rules

By Kat Lucero

The IRS released final regulations Monday that would allow workers reaching retirement age to catch up on their savings by making additional contributions above the annual limits to their employer-sponsored retirement plans, including a requirement for high earners to designate those additional funds as Roth contributions.

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2nd Circ. Upholds Dismissal Of Libor Rigging Claims

By Sydney Price

The Second Circuit on Monday affirmed the dismissal of investor lawsuits alleging multiple global banks, including UBS and Lloyds Bank, conspired to rig the benchmark interest rate Libor, which is tied to the British pound, finding the plaintiffs never showed they actually lost money from the alleged manipulation.

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RTX Beats Investor Suit Over Engine 'Microcrack' Claims

By Emilie Ruscoe

Aerospace and defense company RTX Corp. escaped a proposed investor class action alleging it concealed a known defect affecting a subsidiary's aircraft engines after a Connecticut federal judge found the complaint didn't show the alleged misrepresentations were known to be false, or even just false, when they were made.

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Town Not Liable For HSA Payments, Conn. Justices Told

By Brian Steele

Five retired Groton, Connecticut, police officers are not entitled to receive payments into their health savings accounts to offset their deductibles because that benefit is only available to active employees, the town told the Connecticut Supreme Court on Monday as it seeks to avoid a $36,000 judgment.

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Rent The Runway Gets Investor Suit Trimmed On 2nd Look

By Katryna Perera

Designer dress rental company Rent the Runway convinced a New York federal judge to trim certain shareholder claims against it after the judge reconsidered an earlier ruling on a putative class action suit that alleges the company failed to inform investors about major challenges it was facing prior to its 2021 initial public offering.

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Ex-Epstein Prosecutor Maurene Comey Sues DOJ Over Firing

By Emily Sawicki

Maurene Comey, a former Manhattan federal prosecutor who brought high-profile criminal cases against the likes of Jeffrey Epstein and Sean "Diddy" Combs, sued the Justice Department on Monday alleging her abrupt July firing came "solely or substantially" because she is the daughter of former FBI Director James Comey, a Trump critic.

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Tom Goldstein Can't Pay Attys With 'Tainted Funds,' DOJ Says

By Jeff Overley

Indicted appellate luminary Tom Goldstein cannot cover his legal bills by selling his multimillion-dollar home, because it's a "tainted asset" worth "far less" than his attorney fees, the U.S. Department of Justice said in a blistering court filing, adding that Goldstein may flee the country as his reputation and marriage collapse.

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Feds Urge 3rd Circ. To Restore NJ US Atty's Authority

By Emily Sawicki

The federal government has urged the Third Circuit to reverse a district court ruling disqualifying acting U.S. Attorney Alina Habba from prosecuting two criminal cases in New Jersey after the clock allegedly ran out on her interim term, arguing that her appointment is valid and that the court erred in its interpretation of the statute.

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Calif. Court Issues AI Hallucinations 'Warning,' Sanctions Atty

By Y. Peter Kang

A California appeals court has issued a published opinion "as a warning" to Golden State attorneys to personally review case law quotations made by generative artificial intelligence, and imposed a $10,000 monetary sanction on plaintiff's counsel in an otherwise straightforward appeal in an employment case.

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Fired DOJ Deputy Says Lobbyists 'Playing Dangerous Game'

By Bryan Koenig

A former top Justice Department Antitrust Division deputy, allegedly fired for opposing the "pay-to-play" settlement clearing Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks, had a warning Monday for the lobbyists he said made the deal possible: there are only so many times they can go over division leadership.

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Stradley Ronon Wants Keesal Young's Poaching Suit Tossed

By Emma Cueto

Stradley Ronon Stevens & Young LLP has moved to nix a suit by California firm Keesal Young & Logan, saying its recruitment of 10 former Keesal Young attorneys was entirely above board and that the noncompete clauses in Keesal Young's partnership agreement were not allowed under California law.

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FTC Commissioner Says Antitrust Moment Has Been Building

By Matthew Perlman

Federal Trade Commissioner Mark R. Meador said Monday the current interest in antitrust enforcement has been building for the last several decades as corporate boardrooms increasingly take control over the economic lives of Americans.

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3 Law Firms Want Ford's 'Thermonuclear' RICO Suit Snuffed

By Linda Chiem

Knight Law Group LLP, the Altman Law Group and Wirtz Law APC have urged a California federal judge to dismantle Ford Motor Co.'s racketeering lawsuit accusing the firms of overzealous billing and conspiring to dupe unsuspecting clients in product liability and personal injury cases against automakers.

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Software Co. Defends Contempt Order Against Womble Atty

By Abigail Harrison

A North Carolina federal court fairly held Womble Bond Dickinson partner Pressly Millen in contempt after he and his client made misrepresentations in a "parallel" trademark dispute abroad, U.S.-based software company Dmarcian Inc. told the Fourth Circuit on Friday.

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DC Circ. Says Fed's Cook Can Keep Job For Now

By Jon Hill

A D.C. Circuit panel said Monday that Federal Reserve Gov. Lisa Cook can remain on the central bank's board while challenging President Donald Trump's effort to fire her, clearing the way for her to participate in a key interest-rate policy vote this week.

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Senate Confirms Top Trump Economist To Federal Reserve

By Jon Hill

The U.S. Senate narrowly confirmed top White House economist Stephen Miran to the Federal Reserve Board on Monday, giving President Donald Trump a close ally at the central bank as he pushes for greater control over the traditionally independent body.

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DC Circ. Won't Stay District Court's Order On Quick Removals

By Jared Foretek

The D.C. Circuit declined to stay a district judge's suspension of specific U.S. Department of Homeland Security actions implementing expedited removal of noncitizen parolees Friday, saying that the government faces no irreparable harm from the order because it has separate, pre-existing regulatory authority to quickly deport parolees.

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W.Va., Idaho Tell Justices Trans Sports Bans Based On Science

By Elaine Briseño

West Virginia and Idaho urged the U.S. Supreme Court to rule that courts should not use subjective preferences when analyzing whether laws that ban transgender athletes from competing on sports teams different from their sex assigned at birth violate the Constitution.

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Catching Up With Delaware's Chancery Court

By Katryna Perera and Jeff Montgomery

Delaware's governor weighed in on a challenge to recently approved state legislation that bars damages or "equitable" relief for some controlling stockholder or going-private deals. Meanwhile, Moelis told the Delaware Supreme Court that the struck-down stockholder agreement that triggered that legislation was valid. Additionally, one of two newly funded magistrates' posts in the Chancery Court has been filled.

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