An investment adviser failed Tuesday to escape a proposed class action alleging its poor advice cost employees of a Midwest utility company millions of dollars in retirement savings, as a Missouri federal judge ruled that plan participants' allegations are detailed enough to stay in court.
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WEDNESDAY, OCTOBER 15, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Investment Adviser Can't Exit Suit Over Energy Co.'s 401(k)

By Patrick Hoff

An investment adviser failed Tuesday to escape a proposed class action alleging its poor advice cost employees of a Midwest utility company millions of dollars in retirement savings, as a Missouri federal judge ruled that plan participants' allegations are detailed enough to stay in court.

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GOP Bill Would Codify Trump Private Equity 401(k) Order

By Lauren Berg

A Montana Republican lawmaker announced Tuesday the introduction of a bill that would codify President Donald Trump's executive order that aims to make it easier for retirement plans to invest in nontraditional 401(k) assets like private equity and cryptocurrency.

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Six Pension Plans Settle In $2.1B Danish Tax Fraud Case

By Asha Glover

Six pension plans have settled claims by Denmark's tax agency accusing them of participating in a $2.1 billion scheme that fraudulently claimed refunds on tax withheld from stock dividends, with a New York federal court dismissing the allegations Tuesday.

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LITIGATION

BP Urges 5th Circ. To Overturn Retirees' Pension Suit Win

By Kellie Mejdrich

BP urged the Fifth Circuit to overturn a Texas court's ruling that found the oil giant liable to company retirees for miscommunicating their pension benefits' value following a plan conversion, arguing the lower court judge erred in certifying a retiree class and handing the class judgment.

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Providers Bring No Surprises Act Fight To High Court

By Spencer Brewer

Two air ambulance providers asked the U.S. Supreme Court to allow them to use the courts to collect on out-of-network billing dispute resolution awards granted under the No Surprises Act, saying that without judicial review, insurers can just skip out on NSA bills to providers.

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Aetna Dodges Colo. County's $1.1M Suit Over Unpaid Rebates

By Rachel Konieczny

A Colorado federal judge has dismissed a county's lawsuit alleging Aetna Life Insurance Co. withheld more than $1 million in pharmacy rebates under an unenforceable early termination clause, agreeing with the insurance company that the clause is valid and enforceable.

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Walmart Pay Transparency Suit Returns To Wash. State Court

By Ben Adlin

A Washington federal judge returned a proposed wage transparency class action against Walmart Inc. to state court Tuesday, agreeing with the plaintiff that he didn't claim a concrete enough injury for the suit to proceed in federal court.

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LEGAL INDUSTRY

Ex-WH Ethics Attys Slam 'Vindictive' Comey, James Charges

By Jack Karp

Three former White House ethics attorneys have filed complaints with the U.S. Department of Justice over what they call the "vindictive and meritless" criminal prosecutions of former FBI Director James Comey and New York Attorney General Letitia James.

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High Court Leans Toward Limiting Voting Rights Act Suits

By Katie Buehler

The U.S. Supreme Court's conservative supermajority seemed ready Wednesday to further limit the use of the Voting Rights Act in challenging alleged racial discrimination in legislative redistricting, but appeared divided over how to accomplish that.

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Vought Aims To Close CFPB Within '2 Or 3 Months'

By Jon Hill

White House budget chief Russell Vought said Wednesday that he wants to shutter the Consumer Financial Protection Bureau and expects to succeed in the next few months, despite the Trump administration's claims in court that the agency is just being downsized.

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DHS Says Seizure Of Atty's Phone Tied To Employment Probe

By Julie Manganis

The government is pushing back on a Massachusetts immigration attorney's allegations that his work phone was seized in retaliation for his criticism of the Trump administration and advocacy for noncitizens, saying it's looking into whether he violated federal employment verification laws.

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Goldstein Can't Dismiss 2016 Tax Charges As Time-Barred

By Jared Foretek

A Maryland federal judge denied SCOTUSblog co-founder Tom Goldstein's motion to dismiss four of the 22 federal tax charges brought against him in January, ruling that his defense that the counts stemming from the 2016 tax year should be time-barred will have to be raised at trial.

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Chief Judge Bars Civil Arrests In Cook County Courts

By Celeste Bott

Cook County's top judge issued an order Wednesday prohibiting the warrantless civil arrest of individuals attending court proceedings in Chicago-area state courthouses, as the federal government has ramped up immigration enforcement and arrests in the area.

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NY Court Tosses Most Of Ex-Lil Wayne Atty's Contract Claims

By Emily Sawicki

A New York state judge has dismissed most counterclaims a former attorney for Lil Wayne pursued in a fee dispute with his ex-client, but the lawyer may still attempt to collect some funds he claims to be owed by the rap star.

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Some Federal Workers Win Quick Block On Shutdown Layoffs

By Bonnie Eslinger

A California federal judge on Wednesday granted a request from two unions representing thousands of federal workers to immediately block the Trump administration from laying them off during the government shutdown, saying she believes the plaintiffs will show that "what's being done here is both illegal and is in excess of authority."

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LAW FIRMS IN TODAY'S NEWS

Altshuler Berzon

Butters Brazilian

Carlton Fields

Dentons

Don Bivens PLLC

Emery Reddy

Faegre Drinker

Fox Rothschild

Graves Garrett

Hughes Hubbard

James Vernon & Weeks

Jonathan D. Davis PC

Jones Day

Kirkland & Ellis

Meritz Reddy

Merrick Hofstedt

Morgan Lewis

Munger Tolles

Norton Rose

Ogletree Deakins

Paul Weiss

Poulos LoPiccolo

Reed Smith

Reitler Kailas

Ropes & Gray

Schneider Wallace

Seyfarth Shaw

Walcheske & Luzi

COMPANIES IN TODAY'S NEWS

Aetna Inc.

Affordable Care LLC

American Civil Liberties Union

American Civil Liberties Union of Louisiana

American Federation of Government Employees

American Federation of State County & Municipal Employees

BlackRock Inc.

Blue Cross Blue Shield Association

Cottrell Inc.

Democracy Forward Foundation

Evergy Inc.

Health Care Service Corp.

Instagram Inc.

NAACP Legal Defense & Educational Fund Inc.

National Treasury Employees Union

SageView Advisory Group LLC

SoundExchange Inc.

Universal Music Group NV

Walmart Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Consumer Financial Protection Bureau

Executive Office of the President

Federal Bureau of Investigation

Federal Labor Relations Authority

Homeland Security Investigations

Internal Revenue Service

New York Attorney General's Office

New York Supreme Court, New York County

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

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Commerce

U.S. Department of Education

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

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 Virginia

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

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

U.S. District Court for the Western District of Missouri

U.S. District Court for the Western District of Washington

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Office of Personnel Management

U.S. Securities and Exchange Commission

U.S. Supreme Court

US Office of Management and Budget

United States District Court for the District of Colorado