Bloomberg Law
Benefits & Executive Compensation News

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.

Anti-ESG Law Targeting Wall Street Faces Republican-Led Rollback

Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with.

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.

Cintas Workers Secure First Approval for $4 Million 401(k) Deal

A $4 million settlement benefiting thousands of Cintas Corp. employees received preliminary court approval, paving the way for resolution of litigation over the fees and investment options in the uniform maker’s 401(k) plan.

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.

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FTC to Issue Non-Compete Ban as Chamber Lawsuit Looms

The US <-bsp-bb-link state="{"bbHref":"bbg://securities/13362Z%20US%20Equity","_id":"0000018f-0a2f-d583-afbf-cafff7160000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Trade Commission is poised to vote Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the<-bsp-bb-link state="{"bbHref":"bbg://securities/0392381D%20US%20Equity","_id":"0000018f-0a2f-d583-afbf-cafff7160001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Chamber of Commerce vowed to immediately challenge in court.

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.

IN BRIEF

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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

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

The court denied the University of San Francisco Welfare Benefit Plan’s motion for summary judgment on the applicable standard of review of an employee’s ERISA and Parity Act action challenging the denial of benefits for residential treatment as not medically necessary. K.G. v. Univ. of S.F. Welfare Ben. Plan, 2024 BL 12455, N.D. Cal., Case No. 23-cv-00299-JSC, 4/11/24

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

The court granted an employee’s request to overturn the Director’s Guild of America’s denial of benefits, and entered judgment in the employee’s favor, in this ERISA action for denial of benefits and breach of fiduciary duty. Dan C. v. Anthem Blue Cross Life & Health Ins. Co., 2024 BL 120514, C.D. Cal., 2:22-cv-03647-FLA (AJRx), 4/9/24

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