Jose Davalos, a former employee of Western Milling LLC, has filed a class action lawsuit in a California federal court, alleging that the company forced the sale of its employee stock ownership plan (ESOP) assets at an unreasonably low price. In preparation for a larger transaction in which Western Milling was sold to Viserion Milling LLC, Western Milling's ESOP sold about two million Kruse-Western shares back to the company. Davalos alleges that Western Milling [...]

Various courts, including the U.S. Supreme Court, have decided cases involving the Employee Retirement Income Security Act (ERISA) so far this year. These decisions include the Supreme Court's unanimous resurrection of an alleged retirement fund mismanagement case against Cornell University and the revival of a yacht company's claim against its health benefits administrators for excessive fees by the Sixth Circuit. The Second Circuit reopened a proposed class action against IBM regarding the use of [...]

The Trump administration's U.S. Departments of Labor (DOL), Treasury, and Health and Human Services (HHS) recently announced that it would no longer enforce regulations requiring employer health plans to analyze and compare behavioral healthcare with physical healthcare coverage. Along with a lack of enforcement, the agencies intend to review their enforcement processes more broadly. The announcement delays a Biden administration rule, finalized in September 2024, which increased the standards for analyzing restrictions on behavioral [...]