News
401(k) Alternative Investment Rule Lands at White House Review
2+ hour, 45+ min ago (192+ words) 401(k) Alternative Investment Rule Lands at White House Review'Bloomberg Law News A long-awaited rule that would clear the way for more alternative investments like cryptocurrency and private equity in 401(k)s is now at the White House's regulatory review office. The Office…...
Social Security Chief Must Face Employee’s Disability Bias Suit
1+ day, 5+ hour ago (105+ words) Social Security Chief Must Face Employee's Disability Bias Suit'Bloomberg Law News Social Security Administration Commissioner Frank Bisignano failed to beat an employee's claims that the agency didn't provide her reasonable accommodations for her mental illness. Laurie Tate's refusal of the…...
Mylan Loses Bid to End States’ Generic Drug Price-Fixing Claims
2+ day, 12+ hour ago (100+ words) Mylan Loses Bid to End States" Generic Drug Price-Fixing Claims'Bloomberg Law News Mylan Pharmaceuticals Inc. will have to face antitrust claims that it conspired with other drugmakers to inflate generic drug prices after a federal judge found sufficient evidence that…...
BGOV Bill Analysis: H.R. 2988, ESG Retirement Investing
2+ day, 19+ hour ago (112+ words) BGOV Bill Analysis: H.R. 2988, ESG Retirement Investing'Bloomberg Law News Private pension plan fiduciaries would have to prioritize achieving maximum returns for beneficiaries over environmental, social, and governance factors when making investment and plan management decisions under H.R. 2988. The measure is nearly identical…...
Philanthropist Family Feud Lands in Delaware’s Business Court
6+ day, 5+ hour ago (81+ words) A cancer philanthropist's widow froze their son out of the family's financial holding company while meddling in his divorce, offloading corporate properties, and steering a "mountain of cash" to ... A cancer philanthropist's widow froze their son out of the family's…...
Cigna Beats Excess Insurers on Coverage for DOJ Investigation
1+ week, 1+ day ago (98+ words) Cigna Beats Excess Insurers on Coverage for DOJ Investigation'Bloomberg Law News A 2016 civil investigative demand made to Cigna Group by the US Department of Justice over potential False Claims Act violations counts as a covered "claim" under excess insurance policies,…...
Home Health Care Company Stuck With $1.1 Million Wage Case Loss
1+ week, 1+ day ago (119+ words) Home Health Care Company Stuck With $1.1 Million Wage Case Loss'Bloomberg Law News The US Labor Department defeated on appeal a home care firm's bid for reversal of a ruling returning to its workers nearly $1.1 million in minimum wage and overtime…...
Pension Law Entertainment Exemption Is Broad, Ninth Circuit Says
1+ week, 1+ day ago (57+ words) Pension Law Entertainment Exemption Is Broad, Ninth Circuit Says'Bloomberg Law News A pension law exemption for employers in the entertainment industry covers companies with workers performing any amount of entertainment work, the Ninth Circuit said in a win for the…...
Modest 401(k) Class Deals Show Desire to Dodge Costly Litigation
1+ week, 1+ day ago (744+ words) More than 100 employers signed class settlements over their retirement plans during the past four years, with most deals under $2 million'a signal companies are seeking quick and cheap exits from costly litigation. Hundreds of employers have found themselves in the crosshairs…...
Five Retirement Rules to Watch From Benefits Regulator in 2026
1+ week, 5+ day ago (110+ words) Five Retirement Rules to Watch From Benefits Regulator in 2026Bloomberg Law News The Labor Department's Employee Benefits Security Administration shifted dramatically in 2025 as the Trump administration derailed several Biden-era rules and priorities and began setting its own goals. A new EBSA…...