Bloomberg Law
Benefits & Executive Compensation News

Obamacare Alternative Hit With Crackdown by Biden Agencies

The Biden administration plans to issue a final rule on Thursday to curb the sale and availability of “short-term limited-duration insurance” plans, which critics say provide low-cost, but low-quality, coverage that skirts consumer protections in the Affordable Care Act.

BlackRock Gets Legal Warning Over ESG Funds From Mississippi

<-bsp-bb-link state="{"bbHref":"bbg://securities/BLK%20US%20Equity/ESG","_id":"0000018e-809b-d2a8-abef-eaffa08d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy.

Denso International Workers Denied Redo in 401(k) Fee Challenge

Denso International America Inc. employees challenging their retirement plan fees failed to convince a federal judge to rethink part of his recent decision dismissing their case against the automotive component manufacturer.

Medicare Wegovy Coverage Spurs Employer Action on Drug Plans

Medicare coverage of Novo Nordisk A/S’s blockbuster weight-loss drug Wegovy for heart disease is putting even more pressure on employers to cover the pricey drug that some are finding unaffordable.

Kodak’s Pension Windfall Points to a $137 Billion Opportunity

Inside <-rte-company state="{"_id":"0000018e-8554-dd73-a18e-c75735c40000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Eastman Kodak Co., the once-iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job.

Latest Stories

J&J to Pay $75 Million to Settle $6 Billion Baby Powder Suit

Johnson & Johnson will pay $75 million to settle a consumer protection lawsuit filed by Mississippi over the company’s talc-based baby powder, according to people familiar with the matter, resolving litigation in which the state had sought as much as $6 billion.

Home Depot 401(k) Investors Get Chilly Reception in 11th Cir.

A lawyer for Home Depot Inc. employees challenging the company’s 401(k) plan faced tough questions Thursday from a panel of Eleventh Circuit judges who appeared unwilling to shift responsibility for a critical element of proof to the retailer.

IN BRIEF

View More

Case: Health Care & Benefits/Benefits Denial (D. Utah)

The court granted an employee and her daughter’s motion for summary judgment in part and denied United Healthcare Insurance Co.'s motion for summary judgment in this ERISA and Mental Health Parity and Addiction Equity Act action. Kathleen A. v. United Healthcare Ins. Co., 2024 BL 101873, D. Utah, 2:20-CV-00814-JNP-DAO, 3/26/24

Case: Health Care & Benefits/Long-Term Disability Benefits (E.D. Mich.)

The court granted an employee’s motion for judgment on the administrative record and denied Lincoln National Life Insurance Company’s motion for judgment on the administrative record in this ERISA action seeking reinstatement of long-term disability benefits for her severe psychiatric condition. Parks v. Lincoln Nat’l Life Ins. Co., 2024 BL 96083, E.D. Mich., 22-12814, 3/21/24

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

The court granted Reliastar Life Insurance Company’s motion for summary judgment and denied an EmployBridge LLC employee’s motion for summary judgment on this action challenging the denial of his short and long-term disability benefits for vascular dementia with behavioral disturbance.
Cottingim v. Reliastar Life Ins. Co., 2024 BL 89950, M.D. Fla., 8:22-cv-1235-CEH-CPT, 3/18/24

EXPLORE BLOOMBERG LAW

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: