The U.S. Department of Labor's proposal to require pharmacy benefit managers to give employer-provided health plans detailed information on fees and compensation is a welcome development, benefits attorneys on both sides of the bar say. Here, Law360 looks at four things to know about the proposed regulations.
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THURSDAY, FEBRUARY 5, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Analysis

4 Things To Know As DOL Pitches Transparency For PBMs

By Kellie Mejdrich

The U.S. Department of Labor's proposal to require pharmacy benefit managers to give employer-provided health plans detailed information on fees and compensation is a welcome development, benefits attorneys on both sides of the bar say. Here, Law360 looks at four things to know about the proposed regulations.

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SNAP Case 'Tip Of The Iceberg' In Anti-Fraud Effort, Feds Say

By Carolyn Muyskens

Four Massachusetts defendants were charged Tuesday with collecting more than $1 million in fraudulent food and unemployment benefits in what the state's top federal prosecutor called part of a broader U.S. Department of Justice initiative to root out fraud in government benefit programs.

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Guam Defends Bid To Appeal Loss Of Military Leave Suit

By Madeline Lyskawa

A retirement fund for Guam government employees fired back at the federal government's attempt to prevent it from appealing an order finding the fund and Guam liable for shortchanging pension contributions for employees who take paid leave while serving in the military. 

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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POLICY & REGULATION

House Dems Press Bessent About IRS Retirement Pay Delays

By Asha Glover

Democrats on the House Ways and Means Committee demanded answers Tuesday about substantial delays in processing retirement applications for Internal Revenue Service employees who participated in the government's deferred resignation program.

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ENFORCEMENT & COMPLIANCE

SEC Tosses Biden-Era Case Against Wyoming Crypto Co.

By Jessica Corso

The U.S. Securities and Exchange Commission has walked away from an attempt to block the issuance of a pair of digital tokens offered by a Wyoming-based company, saying that changes in federal policy toward the cryptocurrency industry necessitated an end to the administrative proceedings.

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LITIGATION

Voya Concedes To Certification Of 401(k) ERISA Class

By Brian Steele

Voya Financial Inc. will not fight the certification of a class of around 11,400 workers who claim they were shortchanged when the company loaded up its 401(k) offering with its own branded investments, which allegedly underperformed.

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LEGAL INDUSTRY

Paul Weiss' Karp Steps Back After Epstein Email Revelations

By Hailey Konnath and Aebra Coe

Longtime Paul Weiss Rifkind Wharton & Garrison LLP chair Brad S. Karp has resigned from his leadership role, the firm announced Wednesday, a move that comes after the U.S. Department of Justice released numerous emails between Karp and Jeffrey Epstein.

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Baker McKenzie To Downsize Business Professional Jobs

By Tracey Read

Baker McKenzie, which has a legal services hub in Tampa, Florida, is in the process of downsizing business professionals' jobs, a firm spokesperson confirmed to Law360 Pulse on Wednesday.

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Ex-DLA Piper Partner Aims To Toss Claim He Raped Associate

By Jack Karp

Allegations that an ex-DLA Piper partner raped a former Boston-based associate in Delaware in 2022 should be tossed since the Massachusetts state court the case was filed in has no jurisdiction over the Delaware claim, according to the accused former partner.

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Goldstein Accountant Admits Tax Return Errors

By Jared Foretek

A star government witness and the top outside accountant for SCOTUSblog founder Thomas Goldstein and his law firm admitted to making mistakes on Goldstein's tax returns and offering the grand jury erroneous testimony, under cross-examination in the U.S. Supreme Court lawyer's tax fraud trial Wednesday.

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Analysis

Clemency Was 'Broken' Long Before Trump. Can It Be Fixed?

By Phillip Bantz

President Donald Trump has transformed what has historically been a bureaucratic process for seeking federal pardons and commutations into a more freewheeling affair with few clear rules — and no easy solutions for reform, experts say.

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Wachtel Missry Settles Liability In $26M Atty Malpractice Case

By Emily Sawicki

A dispute over who is liable for a former Wachtel Missry LLP partner's alleged exploitation of an elderly client has been settled on the eve of trial, while the Brooklyn federal judge declined to consider recusing himself despite "inadvertently" meeting with the firm's founding partner before the matter was fully put to rest.

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Ex-Fox News Host Decries Judge Pick's Arbitration Stance

By Courtney Buble

Gretchen Carlson, a former Fox News anchor and a leading advocate for ending forced arbitration of sexual harassment and assault in the workplace, has come out against a federal judicial nominee for Louisiana for her past comments on the issue.

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Trump Bid To Move NY Appeal Faces 'Fatal' Error, Judge Says

By Frank G. Runyeon

A Manhattan federal judge on Wednesday repeatedly aired doubts that President Donald Trump can upend the pending New York state appeal of his hush-money conviction by moving the case to federal court.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Ashby & Geddes

Baker McKenzie

Camacho Calvo

Carlsmith Ball

Chimicles Schwartz

Ciardi Ciardi

Cohen Milstein

Cravath Swaine

DLA Piper

Goldstein & Russell

Groom Law Group

Hamilton Lincoln

Lathrop GPM

Leach & Walker

Lehotsky Keller

Libby Hoopes

Munger Tolles

Nelson Mullins

Paul Weiss

Pollard PLLC

Pryor Cashman

Raipher PC

Rosenberg Freedman

Seyfarth Shaw

Shah Litigation

Shapiro Arato

Sullivan & Cromwell

Wachtel Missry

Whiteford Taylor

COMPANIES IN TODAY'S NEWS

Apollo Global Management LLC

Binance Holdings Ltd.

LinkedIn Corp.

New York University

Northern Mariana Islands Retirement Fund

Parabellum Capital LLC

The ERISA Industry Committee

The New York Times Co.

Voya Financial Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

Employee Benefits Security Administration

Executive Office of the President

Federal Election Commission

Guam Attorney General's Office

Internal Revenue Service

Manhattan District Attorney's Office

Superior Court of Massachusetts

U.S. Attorney's Office

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

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

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the District of Alaska

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Guam

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 Louisiana

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

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

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

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

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court