2014.Aug.15 WARN Claims Revived vs MFGlobal
Per Law360, a New York federal judge has reinstated a claims by former employees that MF Global Holdings violated the federal and New York WARN acts, holding that the Southern District’s bankruptcy court erred in dismissing the case. See generally WARN & Bankruptcy.
2014.July.26 Updated Research -- see: Controlled Group and Stock Options.
2014.July.11 M&A Severance Payable despite No Job Loss (Plan Drafting Critical)
In Adams v. Anheuser-Busch, the 6th Circuit overturned the denial of severance pay to continuing employees because the seller's plan promised benefits to those "whose employment with the Controlled Group is involuntarily terminated." The court rejected the plan administrator's argument that the plan was ambiguous, . . . continued at Severance Plan Litigation.
2014.July.8 PBGC Moratorium on ERISA 4062(e) Enforcement. The PBGC has issued a news release announcing this moratorium through the end of 2014. Further discussion at PBGC 4062(e).
Other Notable Updates:
2013.Dec.26 HIPAA Settlement Agreement - see HIPAA Litigation.
2013.Dec.13 Employer "Stock Drop" Litigation - Supreme Court to Address: see Stock Drop Litigation; see also Stock Drop Litigation Results (for Judgments and Settlements).
2013.Nov.20 Coverage for Defense Costs during DOL Investigations? See Fiduciary Defense and Indemnification.
2013.Nov.01 IRS COLA $$$for 2014: see Plan Limits.
2013.July.6 COBRA Procedural System Insights . . . for less than $1.85 Million: see COBRA Litigation.