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Benefits
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November 08, 2023
Ex-State's Atty Mosby's Perjury Trial Concludes In Md.
Former Baltimore State's Attorney Marilyn Mosby had every reason to believe she qualified for a pandemic-era program used to withdraw thousands of dollars from her city retirement plan, Mosby's defense attorney told a jury Wednesday during closing statements for her Maryland federal court trial over charges she lied in order to tap the funds.
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November 08, 2023
Fla. Bill Proposes Home Insurance Rebates For Some Seniors
A Florida state legislator introduced a bill aimed at making property insurance more affordable for low-income seniors, with proposed premium rebates of 10%, her office announced.
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November 08, 2023
ERISA Suit Against Colo. Tribe Over Bonus Program Tossed
A Colorado federal judge on Wednesday dismissed a woman's federal benefits lawsuit against an oil and gas company owned by the Southern Ute Indian Tribe, finding the company's benefits program is akin to a bonus plan and doesn't fall within the court's jurisdiction.
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November 08, 2023
United Says Financial Adviser Defrauded Pilots' 401(k)
A financial adviser swindled $1.5 million from pilots' retirement plan by entering into contracts with them and then withdrawing loans from their accounts to funnel the money into another company, United Airlines told a Minnesota federal court.
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November 08, 2023
Ex-NBA Guard Takes Stand In Health Care Fraud Defense
A former Detroit Pistons point guard took the stand in his own defense on health care fraud charges Wednesday, telling a Manhattan federal jury that another former NBA player falsely claimed to be working for the players' union and persuaded him to submit false invoices to the league's benefits plan.
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November 08, 2023
Nursing Home Co. Loses Some Defenses In False Claims Case
A Pennsylvania federal judge ruled Tuesday that a nursing home operator can't argue the government has an obligation to mitigate harm in False Claims Act cases in a suit alleging its homes fraudulently billed the Centers for Medicare and Medicaid Services while providing insufficient care to patients.
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November 08, 2023
Groups Want More Time To Comment On DOL Fiduciary Rule
A group of 18 financial services industry trade groups urged the U.S. Department of Labor on Wednesday to extend the comment period on its proposed rule that would widen the definition of who qualifies as a fiduciary under the Employee Retirement Income Security Act.
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November 08, 2023
Gilead Wants HIV Drug Antitrust Suit Tossed Again, For Good
Gilead wants a California federal judge to toss a proposed class action alleging the drugmaker paid off generic HIV drug rivals to delay market entry, arguing in a filing made public Tuesday that benefit fund and consumer plaintiffs still haven't addressed "the fundamental issue" that doomed their last complaint.
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November 08, 2023
Justices Skeptical Of Limiting Army Vet's Education Benefits
The U.S. Supreme Court on Wednesday appeared receptive to a veteran's challenge to an en banc Federal Circuit ruling that said he wasn't owed more education benefits, with the chief justice calling the U.S. Department of Veterans Affairs' view of what he was entitled to a "raw deal."
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November 08, 2023
Ex-Bookkeeper Gets 5 Years For $1.8M Theft, Pandemic Fraud
A former part-time bookkeeper at a Massachusetts flooring company was sentenced to just over five years in federal prison Monday for stealing nearly $1.8 million from her employer, then fraudulently collecting pandemic-related unemployment while working there and later at a second company.
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November 07, 2023
Labor Judges' Appointments Constitutional, 4th Circ. Rules
The Fourth Circuit on Tuesday rejected an engineering company's bid to declare the appointment of two U.S. Department of Labor administrative law judges unconstitutional, saying the judges were properly appointed, and even if their protections were not in accordance with the Constitution, there was no harm stemming from the two being named to the DOL tribunal.
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November 07, 2023
Ex-Baltimore State's Atty Weighs Testifying In Perjury Case
Former Baltimore top prosecutor Marilyn Mosby may testify in her Maryland federal court trial over charges that she lied to withdraw thousands of dollars from her city retirement account — a move federal prosecutors warned Tuesday could open Mosby to questioning on her tax deductions, alleged mortgage fraud and other cross-examination regarding her truthfulness.
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November 07, 2023
Commissioner Says SEC Should Consider New Climate Rules
The U.S. Securities and Exchange Commission should give thought to proposing new climate disclosure rules if regulators significantly alter their proposal in response to massive public feedback, a Republican commissioner told a legal education organization Tuesday.
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November 07, 2023
Chamber Tells 8th Circ. To Back O'Reilly's Win In ERISA Suit
The U.S. Chamber of Commerce told the Eighth Circuit on Tuesday not to disturb O'Reilly Automotive Inc.'s win in a proposed class action alleging the company allowed its $1.1 billion retirement plan to be saddled with lofty fees, saying the suit is filled with circumstantial allegations.
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November 07, 2023
Amgen Seeks To Toss Investor Claims Of $10B Hidden Tax Bill
Amgen Inc. asked a New York federal judge to scrap a shareholder suit claiming the biotech company hid a $10 billion tax bill from investors, arguing it wasn't required to disclose specific amounts while challenging the IRS during an audit.
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November 07, 2023
The 2023 Law360 Prestige Leaders
Check out our Prestige Leaders ranking, analysis and interactive graphics to see which firms stand out for their financial performance, attractiveness to attorneys and law students, ability to secure accolades, and positive legal news media representation.
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November 07, 2023
How Law Firms Build And Protect Stellar Reputations
Now more than ever, BigLaw firms depend on the strength of their brand to land clients, attract recruits and justify top-shelf hourly rates. But in the world of the 24/7 news cycle, where any slip-up can instantly go viral, how do firms manage their prized reputations?
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November 07, 2023
Dish Network Should Face Bulk Of ERISA Suit, Judge Says
A Colorado magistrate judge said Dish Network should have to face the majority of its former workers' proposed class action accusing it of stacking their $841 million retirement plan with low-performing funds, saying their new complaint fixed their old one's deficiencies.
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November 07, 2023
Conn. Justices Refuse Frontier's Appeal In CEO Benefits Fight
Connecticut's highest court has hit the proverbial end button on Frontier Communications' appeal of a trial court judge's decision to exercise jurisdiction over a nearly $22 million prejudgment remedy request in a battle with former CEO Leonard Tow over rescinded company tax payments on life insurance policies.
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November 06, 2023
Former Linde GC Urges 3rd Circ. To Reverse Benefit Suit Loss
Linde North America's former general counsel urged the Third Circuit on Monday to reverse district court decisions that led to his losing out on more than $100,000 in retirement benefits he claims the engineering company still owes him.
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November 06, 2023
Ex-Pistons Player Got $180K Cut Of Health Fraud, Jury Hears
A Manhattan federal jury on Monday heard phone recordings in which a former Detroit Pistons point guard talked with the NBA's health care administrator about receiving a $180,000 payment that prosecutors claim was obtained using falsified invoices.
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November 06, 2023
Perjury Trial Against Ex-Baltimore State's Atty Opens In Md.
Federal prosecutors on Monday kicked off their case accusing embroiled former Baltimore State's Attorney Marilyn Mosby of lying about financial setbacks in order to personally benefit from a federal law designed to help people suffering amid the COVID-19 pandemic.
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November 06, 2023
UpHealth Seeks Ch. 11 Retention Bonuses To Help Sale Efforts
Bankrupt telehealth company UpHealth has asked a Delaware bankruptcy court to allow $1.3 million in retention payments for employees of its health care management software subsidiary Thrasys to keep its products running amid asset sale talks.
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November 06, 2023
Ex-CEO Decries Frontier's Appeal In $22M Benefits Fight
Arguing that the tactic appears to be a delay related to his age, a 95-year-old former CEO has decried what he calls a "legally and morally flawed" bid by Frontier Communications to challenge a judge's refusal to toss a $21.8 million prejudgment remedy request in a fight over company-paid benefits.
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November 06, 2023
ESG Practices Take Hits, But Aren't Going Anywhere
After more than a year of being buffeted by anti-ESG rhetoric and actions by red state attorneys general and lawmakers, investment managers and companies have quieted their crowing about environmental, social and governance practices but have not abandoned them.
Expert Analysis
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Opinion
Appellate Funding Disclosure: No Mandate Is Right Choice
The Advisory Committee on Appellate Rules' recent decision, forgoing a mandatory disclosure rule for litigation funding in federal appeals, is prudent, as third-party funding is only involved in a minuscule number of federal cases, and courts have ample authority to obtain funding information if necessary, says Stewart Ackerly at Statera Capital.
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Secure 2.0 Takeaways From DOL's 2024 Budget Proposal
The U.S. Department of Labor’s fiscal year 2024 budget proposal provides insight into the most pressing Secure 2.0 implementation issues, including establishment of a search database for finding lost retirement savings and developing guidance on the execution of newly authorized emergency savings accounts, say attorneys at Maynard Nexsen.
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How Attys Can Avoid Exposing Their Firms To Cyberattacks
Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.
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Virginia 'Rocket Docket' Slowdown Is Likely A Blip
After being the fastest or second-fastest federal civil trial court for 14 straight years, the Eastern District of Virginia has slid to 18th place, but the rocket docket’s statistical tumble doesn't mean the district no longer maintains a speedy civil docket, says Robert Tata at Hunton.
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Managing Public Pension Plans During An Election Cycle
With the 2024 elections fast approaching, investment advisers managing public pension plan assets must consider political contributions by their personnel in order to ensure compliance with the pay-to-play rule and other statutory, regulatory and contractual requirements, say attorneys at Dechert.
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A Look At 2023's Major NLRB Developments Thus Far
Over the last six months, the National Labor Relations Board has broadened its interpretation and enforcement of the National Labor Relations Act, including increasing penalties and efforts to prohibit restrictive covenants and confidentiality agreements, say Eve Klein and Elizabeth Mincer at Duane Morris.
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Chancery Reaffirms Very High Bar For Board Liability On Deal
The Delaware Court of Chancery's recent decision in a Block shareholder's suit over the purchase of Tidal serves as a reminder that an independent and disinterested board will not have liability unless it did not act in good faith — even when the court strongly criticizes flawed processes and the business decision, say attorneys at Fried Frank.
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Indemnification In Exec Separation Deals: Read The Fine Print
The Delaware Chancery Court’s recent decision denying the former CEO of space infrastructure company Momentus the advancement of legal fees highlights the importance of considering post-employment indemnification and advancement rights in executive separation agreements, says Daniel Morgan at Blank Rome.
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Benefits And Beyond: Fixing Employee Contribution Failures
Employers must address employee contribution failures promptly in order to avoid losing significant tax benefits of 401(k) or 403(b) plans, but the exact correction procedures vary depending on whether contributions were less than or greater than intended, say attorneys at Seyfarth Shaw.
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FMLA Confusion Persists Despite New DOL Advisory
A recent U.S. Department of Labor advisory opinion provides some clarity regarding the Family and Medical Leave Act's handling of holiday weeks, but the FMLA remains a legal minefield that demands fact-specific analysis of each employee's unique situation, says Nicholas Schneider at Eckert Seamans.
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5 Management Tips To Keep Law Firm Merger Talks Moving
Many law firm mergers that make solid business sense still fall apart due to the costs and frustrations of inefficient negotiations, but firm managers can increase the chance of success by effectively planning and executing merger discussions, say Lisa Smith and Kristin Stark at Fairfax Associates.
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What 3rd Circ. Niaspan Decision Means For Class Cert.
The Third Circuit's recent denial of class certification in the Niaspan antitrust case underscores its particularly stringent understanding of the implicit ascertainability requirement, which further fuels confusion in the courts, threatens uneven results and increases the risk of forum shopping, says Michael Lazaroff at Rimon Law.
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3 Abortion Enforcement Takeaways 1 Year After Dobbs
A year after the U.S. Supreme Court overturned the constitutional right to abortion in Dobbs v. Jackson Women’s Health Organization, confusion continues to abound amid the quagmire of state-level enforcement risks, federal efforts to protect reproductive health care, and fights over geolocation data, say Elena Quattrone and Sarah Hall at Epstein Becker.
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Rethinking In-Office Attendance For Associate Retention
The hybrid office attendance model doesn't work for all employees, but it does for many — and balancing these two groups is important for associate retention and maintaining a BigLaw firm culture that supports all attorneys, says Summer Eberhard at Major Lindsey.
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Weighing The Risks Of AI For Employee Benefits Admin
Although artificial intelligence has the potential to transform employers' administration of benefits, with these opportunities come great risks related to Employee Retirement Income Security Act fiduciary duties and preemption considerations, making the evolving state law landscape even more critical, say attorneys at Michael Best.