September 29, 2022
Universal Health Services Inc. agreed to resolve a 60,000-member class action alleging the company mismanaged employees' 401(k) plan by loading it with expensive and poorly performing investment options, according to filings in Pennsylvania federal court.
June 17, 2022
A U.S. Supreme Court opinion reviving a federal benefits lawsuit against Northwestern University headlines a jam-packed first half of 2022 for Employee Retirement Income Security Act rulings.
June 03, 2022
A recent Third Circuit ruling backing a massive class in an Employee Retirement Income Security Act suit indicates that courts may be inclined to interpret U.S. Bank pensioners' June 2020 high court defeat in another federal retirement plan lawsuit more narrowly than some employer-side benefits lawyers hoped.
June 01, 2022
The Third Circuit on Wednesday refused to disband a class of more than 60,000 retirement savers who accuse Universal Health Services of mismanaging their 401(k) plan, ruling that the ex-workers could challenge a group of allegedly shoddy investment funds without personally holding investments in each one.
February 11, 2022
The Third Circuit appeared wary Friday of Universal Health Services Inc.'s bid to disband a class of more than 60,000 people challenging the company's 401(k) plan investments and fees, citing the volume of court precedent weighing in favor of allowing the case to proceed.
February 04, 2022
An ex-Kleinbard LLC client and a onetime TIG Insurance Co. policyholder will fight the companies' district court victories at the Third Circuit this month, propelling panels to examine the evidence-gathering duties of law firms and indemnification obligations of excess insurers in connection with workplace claims.
September 02, 2021
Universal Health Services Inc. employees urged the Third Circuit not to decertify their 70,000-member class in an ERISA suit against the company, saying Universal's argument for breaking up the group was "procedural chicanery" used to rehash whether the class has standing to sue.
August 10, 2021
The Washington Legal Foundation is backing a push to decertify a 70,000-member class in an ERISA suit against Universal Health, saying a Pennsylvania federal judge erred by letting workers collectively challenge 37 of the 401(k) plan's investments, even though the class representatives kept money in only seven.