The ERISA Industry Committee (ERIC) and other organizations filed an amicus brief in Matula, Jr. v. Wells Fargo & Company (Matula), a 401(k) forfeiture case pending on appeal before the U.S. Court of Appeals for the Eighth Circuit. Matula
The parties in a $500 million proposed class action lawsuit over unpaid severance—including terminated Twitter employees, X Corp. (the company formerly known as Twitter), and owner Elon Musk—have reached an impasse in settlement negotiations. Currently, law firms for individual plaintiffs
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor is opting to abandon its appeal of the legal challenges to the so-called fiduciary rule. After insurance industry groups filed immediate legal challenges to the 2024 fiduciary rule
The graphic assassination of Turning Point USA founder Charlie Kirk while speaking at Utah Valley University in September 2025 led to an immediate uproar on social media. Posts from Kirk opponents purportedly celebrating (or at least not mourning) his death
The U.S. House of Representatives is considering the Unfunded Mandates Accountability and Transparency Act of 2025 (“the Act”). This bill would require impact analyses for new rules from the Employee Benefits Security Administration (EBSA), the Centers for Medicare and Medicaid
Lehigh Valley Health Network Inc., a Pennsylvania health system, has agreed to settle a 401(k) forfeiture suit for $1.15 million. The company operates 32 hospitals in Pennsylvania and New Jersey after a 2024 merger with Jefferson Health and employs about
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) recently issued an advisory opinion clarifying that employers can offer lifetime income insurance products as default investments in 401(k) plans. The guidance follows an executive order from
CVS Caremark, the pharmacy benefits manager (PBM) for CVS, has filed a notice of appeal of a $290 million judgment in a lawsuit alleging that it overbilled for Medicare Part D-sponsored drugs. The judgment was increased from $95 million to
A former equity partner at Husch Blackwell LLP has filed a proposed class action alleging that the law firm unlawfully withheld and misused employee 401(k) contributions. The suit, which is pending in the U.S. District Court for the Western District
A federal district court judge in Tennessee has denied LifePoint Health’s motion to dismiss a proposed class action accusing the company of mismanaging its 401(k) plan. As a result of the ruling, current and former LifePoint employees can proceed with
