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A New York federal judge on Monday threw out a lawsuit retirement plan participants lodged against investment firm AllianceBernstein accusing it of steering retirees' savings into its own poorly performing investments, saying there's no evidence the company was benefiting from these alleged actions. ....
The Tenth Circuit partially reopened a suit from a health plan participant accusing his insurer of wrongly yanking coverage for his daughter's in-patient care, saying he adequately made a case that the insurer unlawfully administered mental health treatment differently from medical and surgical care. ....
KPMG won't oppose former workers' bid to certify a 44,000-member class in their lawsuit alleging the accounting firm saddled their $6 billion retirement fund with excessive fees and costly investments, telling a New Jersey federal court that it will prevail over their claims in the long run. ....
A retirement services provider will have to face a jury trial in a lawsuit alleging it violated federal benefits law by saddling a $2.1 billion 401(k) plan with excessive administrative fees, a New York federal judge ruled while also certifying a 27,000-member class of retirement plan participants. ....
Three women who used to be dancers for Lizzo slapped the Grammy-winning pop star and her touring company with a sexual and racial harassment suit in California state court Tuesday, claiming they were frequently exposed to graphic sexual behavior and endured demeaning comments from white managers. ....