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Benefits & Executive Compensation News

Biden 401(k) Advice Rule Finalized Over Wall Street Objections

The US Labor Department has released a closely watched rule that will expand strict fiduciary standards of conduct to cover more retirement plan advisers, and has already drawn ire from Wall Street.

NY Budget Sweetens Pensions for Some Workers at $4 Billion Cost

Taxpayer contributions to New York City and state pensions will rise by $4 billion under a benefit sweetener for some public employees included in the state budget.

Morgan Lewis Securities Attorney Sues for Disability Pay

A Morgan Lewis & Bockius LLP attorney sued the firm’s welfare benefit plan and Unum Life Insurance Co. of America, saying her disability benefits were wrongly terminated despite the persistence of serious symptoms that were exacerbated by job-related stress.

Blue Cross Transgender Coverage Lawsuit Draws Interest on Appeal

A decision requiring Blue Cross Blue Shield of Illinois to reprocess denied claims for gender-affirming care drew criticism from religious and business-focused groups in briefs urging the Ninth Circuit to undo the ruling.

Photo of the National Basketball Association Inc. logo at the NBA store in Manhattan.

NBA Referee Fired Over Covid Shot Rule Wins $2.9 Million Pension

A National Basketball Association referee who was terminated for refusing to receive the Covid-19 vaccine won $2.9 million in a lawsuit saying he was wrongly denied pension benefits under the league plan.

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Case: Health Care & Benefits/Jurisdiction (E.D. Pa.)

The court granted Anthem Blue Cross Blue Shield Missouri and Blue Cross Blue Shield of Missouri’s motion to dismiss for lack of personal jurisdiction Abira Medical Laboratories LLC’s breach of contract suit alleging refusal to pay or underpayment of claims. Abira Med. Labs. LLC v. Anthem Blue Cross Blue Shield Mo., 2024 BL 135165, E.D. Pa., 23-4940, 4/19/24

Case: Health Care & Benefits/Fiduciary Duties (M.D. Fla.)

The court granted in part Unum Life Insurance Company of America, CoAdvantage Corporation, and CoAdvantage Resources Inc.'s motions to dismiss an employee’s beneficiaries’ breach of fiduciary duties claims, in this ERISA action challenging the denial of life insurance benefits. Morales v. CoAdvantage Corp., 2024 BL 133253, M.D. Fla., 6:24-cv-117-JA-DCI, 4/18/24

Case: Health Care & Benefits/Long-Term Disability Benefits (W.D. Mo.)

The court denied AT&T Umbrella Benefit Plan No. 3 and Sedwick Claim Management Services Inc.'s motion to dismiss an employee’s ERISA action challenging the denial of long-term disability benefits and alleging breach of fiduciary duties. Dickson v. AT&T Umbrella Ben. Plan No. 3, 2024 BL 128122, W.D. Mo., 4:23-cv-00456-DGK, 4/15/24

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