A yacht-maker urged the Sixth Circuit on Thursday to revive its lawsuit accusing Blue Cross Blue Shield of Michigan of overpaying employee health plan claims so it could profit off of savings recovered later, but faced tough questions about whether plan administrator BCBSM was a fiduciary under federal benefits law.
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TOP NEWS

6th Circ. Uncertain If Health Plan Administrator Is A Fiduciary

By Kellie Mejdrich

A yacht-maker urged the Sixth Circuit on Thursday to revive its lawsuit accusing Blue Cross Blue Shield of Michigan of overpaying employee health plan claims so it could profit off of savings recovered later, but faced tough questions about whether plan administrator BCBSM was a fiduciary under federal benefits law.

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Steel Co., Ex-Worker To Settle 401(k) Mismanagement Suit

By Patrick Hoff

A steel manufacturer agreed to settle a proposed class action claiming it loaded its 401(k) plan with unreasonable fees and risky investment options, the worker leading the suit told a Florida federal court.

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9th Circ. Won't Revive Premera Teen Treatment Coverage Case

By Rachel Riley

A Ninth Circuit panel on Thursday declined to renew a family's suit against Premera Blue Cross for refusing to cover extensive residential mental health treatment for a Washington teen, backing the insurer's determination that the treatment was not medically necessary.

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HP Defeats Ex-Worker's Suit Over 401(k) Forfeitures

By Grace Elletson

A California federal judge dismissed a proposed class action claiming HP Inc. should have used forfeited funds in its 401(k) plan to pay down administrative fees instead of its own contributions, stating the former worker behind the case hasn't shown the tech company did anything wrong.

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Law360 Seeks Members For Its 2025 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2025 editorial advisory boards.

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EXECUTIVE COMPENSATION

ERISA Preempts Banker's $5.5M Deferred Comp, Judge Rules

By Irene Spezzamonte

The Employee Retirement Income Security Act preempts a former Leerink Partners employee's claims that she was cheated out of about $5.5 million in deferred compensation after the bank hired her under allegedly false pretenses from Goldman Sachs, a Massachusetts federal judge ruled Thursday.

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LITIGATION

Mobility Scooter Co. Gets Nod For $2.1M Deal In ESOP Fight

By Grace Elletson

A Pennsylvania federal judge gave initial approval to a $2.1 million deal Thursday that would resolve a class action claiming a mobility scooter company invested funds from its employee stock ownership plan into dismally performing Treasury bills and cash equivalents.

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State AGs To Sue Over DOGE Access To Payment Systems

By Rae Ann Varona

Over a dozen state attorneys general are set to file suit challenging Elon Musk and Department of Government Efficiency staffers' access to people's sensitive personal information through government payment systems, New York Attorney General Letitia James' office announced Thursday.

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Musk's Access To Records Blocked In DOGE, Treasury Suit

By Sarah Jarvis

A Washington, D.C., federal judge on Thursday approved a consent order blocking Elon Musk and additional Department of Government Efficiency employees from accessing the federal government's payment systems, although a "special government employee" will have limited access as the Treasury Department and suing plaintiffs spar over a preliminary injunction.

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Union Funds Call For Sanctions In CBA Fight With Crane Co.

By Beverly Banks

Benefit funds for an Operating Engineers local asked a Michigan federal court to adopt a magistrate judge's recommendation of sanctions against a crane rental company in the parties' contributions spat, accusing the business of being "blatantly disingenuous" in its objections to her findings.

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GSK's Zantac Woes Gave Investors Heartburn, Suit Says

By Katryna Perera

The maker of heartburn and acid reflux relief tablet Zantac has been hit with a shareholder suit in Pennsylvania federal court alleging that the company suffered stock price losses after it was revealed that for nearly 40 years the company knew that Zantac contained high levels of a cancer-causing compound.

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BANKRUPTCY

Yellow Corp. Scores Partial Win In $540M Pension Plan Row

By Vince Sullivan

Bankrupt trucking firm Yellow Corp. has secured a partial victory on summary judgment in a $540 million fight with several union pension funds, with a Delaware bankruptcy judge saying the funds set the company's withdrawal liability too high.

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EXPERT ANALYSIS

AI Will Soon Transform The E-Discovery Industrial Complex

Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

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LEGAL INDUSTRY

BigLaw Firms Saw Double-Digit Profit Growth In 2024

By Aebra Coe

Last year was "one of the strongest years on record" for U.S. law firm financial results, according to Citi Global Wealth at Work Law Firm Group head Gretta Rusanow, with a survey by the bank of mostly large law firms showing a 16.6% increase in profits and a 12.3% increase in revenue over 2023.

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Legal Sector Gains 900 Jobs In January Amid Data Revisions

By Xiumei Dong

The U.S. legal sector started the year with a modest boost, adding 900 jobs in January, according to preliminary data from the U.S. Bureau of Labor Statistics released Friday following the agency's annual employment data revision that also lifted earlier job figures from the past year. 

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Dentons US Names Capital Markets Leader Managing Partner

By Anna Sanders

Dentons tapped capital markets partner and regulatory team leader John Holahan to serve as U.S. managing partner, the firm announced Friday.

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Injury Attys In Hot Water Over Possible AI-Hallucinated Cites

By Lauren Berg

Morgan & Morgan PA and the Goody Law Group on Friday withdrew pretrial motions in a personal injury lawsuit against Walmart over an allegedly defective hoverboard after a Florida federal court ordered the firms to explain why the filings contained what appears to be case law hallucinated by generative artificial intelligence.

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Plaintiffs Lawyers Swarm Los Angeles Post-Fires

By Brandon Lowrey

A deadly wildfire may be among the first covered by a new state fund that reimburses at-fault utility companies. This could mean billions of dollars for plaintiffs lawyers, and, if past fires are any indication, frustration and confusion for some victims.

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4th Circ. Says LeClairRyan Founder May Duck Tax Liability

By Jack Karp

Defunct law firm LeClairRyan PLLC's operating agreement did not bar founder Gary LeClair from jumping ship from the firm in time to potentially dodge massive tax bills tied to the firm's collapse, the Fourth Circuit ruled on Friday.

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Goldstein's Pro Se Filing Irks Feds Amid Murky Atty Situation

By Elliot Weld

Prosecutors have asked a Maryland federal judge to strike a pro se motion from Tom Goldstein in his tax evasion case, saying the U.S. Supreme Court attorney and SCOTUSblog publisher shouldn't be allowed to personally make arguments to the court when he is represented by several experienced lawyers.

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2nd Circ. Orders In-House Counsel Docs in Grand Jury Case

By Parker Quinlan

The Second Circuit on Friday ruled that an in-house attorney for a publicly traded company under federal investigation in New York must turn over communications as part of a grand jury investigation under the crime-fraud exception to attorney-client privilege.

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Analysis

Del.'s Quiet Ambition To Tweak Chancery, Stem Feared DExit

By Jeff Montgomery

Anxious over claims that stockholder-tilted decisions by Delaware's Court of Chancery will trigger more companies to follow Tesla, SpaceX, Meta and Dropbox to other states, Delaware policymakers are taking a hard look at the venerable business court's processes, hoping to slow a feared rush to DExit.

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DC Prosecutor Axed Jan. 6 Case Against Client, Group Says

By Lauren Berg

A legal group filed a bar complaint in Missouri Thursday against President Donald Trump's top prosecutor in Washington, D.C., saying the attorney violated rules of professional conduct when, in his new government role, he moved to dismiss charges related to the U.S. Capitol attack against his own client.

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Law360's Legal Lions Of The Week

By Aebra Coe and Kevin Penton

Lawyers from Latham & Watkins LLP and Proskauer Rose LLP kick off this week's Law360 Legal Lions, with a jury decision ending a $500 million antitrust lawsuit against their clients, U.S. Soccer and Major League Soccer.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel will be scrutinizing their companies' DEI policies after U.S. Attorney General Pam Bondi directed the U.S. Department of Justice to probe and penalize illegal diversity policies in the private and public sectors. Outside the DOJ, legal professionals, including in-house attorneys, reported high job satisfaction in a recent survey, likely leading to lower turnover. These are some of the stories in corporate legal news you may have missed in the past week.​

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Investec Bank PLC sue two diamond tycoons, London florist Nikki Tibbles file a claim against an "imitator company," a direct descendant of the Cartier family launch a claim, and a Coronation Street actor hit footballer Joe Bunney with a defamation claim. Here, Law360 looks at these and other new claims in the U.K.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Promo that reads 2024 Practice Groups of the Year Promo that reads Law360 Pulse In-House Counsel Satisfaction Survey

LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Asher Kelly

Bernstein Litowitz

Bird & Bird

Bivonas Law LLP

Bryan Cave

Burke Vullo

Cahill Gordon

Carpmaels & Ransford

Clyde & Co

Continental PLLC

Covington & Burling

Crowley Fleck

DLA Piper

Dentons

Engstrom Lee

Fieldfisher

Foley Hoag

Fox Williams

Gentry Locke

Gibson Dunn

Goody Law Group

Gordon Law Group LLP

Guerra LLP

Guttman Buschner

Herbert Smith Freehills

Hessian & McKasy

Hicks Johnson

Hill Dickinson

Hill Ward Henderson

Holland & Knight

Hueston Hennigan

Irwin Mitchell

Jackson Lewis PC

Jones Day

Keoghs LLP

Kessler Topaz

Kilpatrick Townsend

Kirkland & Ellis

Latham & Watkins

Lauro & Singer

Lerch Early

Lewis Silkin

McCoy Leavitt

Milbank LLP

Morgan & Morgan

Morgan Lewis

Morvillo Abramowitz

Munger Tolles

Murphy Anderson PLLC

Orrick Herrington

Pachulski Stang

Paul Weiss

Penningtons Manches

Proskauer Rose

Quinn Emanuel

RBG Legal Services Ltd.

RWK Goodman

Reed Smith

Reynolds Porter

Richards Layton

Roberts Attorneys

Ropes & Gray

Sheppard Mullin

Sidley Austin

Simmons & Simmons

Sirianni Youtz

Skadden Arps

Stevens & Bolton

Stevens & Lee

Tavenner & Beran PLC

Theodora Oringher

Umberg & Zipser

Varnum LLP

Walker Morris LLP

Wenzel Fenton

Willenken LLP

WilmerHale

Withersworldwide

COMPANIES IN TODAY'S NEWS

AccuWeather Inc.

American Airlines Group Inc.

American Federation of Government Employees

American Federation of Labor & Congress of Industrial Organizations

American Federation of State County & Municipal Employees

Argo Group International Holdings Ltd.

Atos SE

Barclays PLC

Bibby Financial Services Ltd.

Blue Cross Blue Shield Association

Blue Cross Blue Shield of Michigan Inc.

Bubba Gump Shrimp Co.

California Earthquake Authority

Canon Inc.

Cartier SA

Credit Suisse Group AG

Democracy Forward Foundation

Deutsche Bank AG

Exxon Mobil Corp.

Fordham University

Gerdau

Globant SA

Google LLC

HP Inc.

Hatch Henderson Fivel LLC

Howden Broking Group Ltd.

IDEX Corp.

Instagram Inc.

Investec PLC

Jetson Electric Bikes LLC

Leerink Partners LLC

LexisNexis Legal & Professional

LinkedIn Corp.

London Stock Exchange Group PLC

Longford Capital Management LP

Los Angeles Department of Water and Power

MGA Entertainment Inc.

Major League Soccer LLC

Major Lindsey & Africa LLC

McKinsey & Co. Inc.

Mediterranean Shipping Co. SA

Meta Platforms Inc.

Michigan State University

Moelis & Co.

NICE Ltd.

NICE inContact

National Association of Government Employees

Netflix Inc.

Neurocrine Biosciences Inc.

New York Law School

PG&E Corp.

Palantir Technologies Inc.

Pershing Square Capital Management LP

Premera Blue Cross

Pride Mobility Products Corp.

Public Citizen Inc.

Purdue Pharma LP

RELX PLC

Robert Half Inc.

Rutter's Holdings Inc.

Service Employees International Union

Southern California Edison Co.

Space Exploration Technologies Corp.

State Bar of California

Station Casinos LLC

TUI AG

Tempur Sealy International Inc.

Tesla Inc.

The Florida Bar

The Goldman Sachs Group Inc.

The PNC Financial Services Group Inc.

Toyota Motor Corp.

TripAdvisor Inc.

United Policyholders

UnitedLex Corp.

University of Virginia

Walmart Inc.

Wells Fargo & Co.

Yellow Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Consumer Financial Protection Bureau

Equal Employment Opportunity Commission

European Medicines Agency

Executive Office of the President

Federal Communications Commission

Federal Trade Commission

Food and Drug Administration

Information Commissioner's Office

Internal Revenue Service

National Labor Relations Board

New York Attorney General's Office

Patent Trial and Appeal Board

U.S. Agency for International Development

U.S. Army

U.S. Attorney's Office

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Southern District of New York

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Middle District of Florida

U.S. District Court for the Middle District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. Office of Personnel Management

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

United States District Court for the District of Wyoming