News

Ex-employees are suing Verizon, as well as State Street Global Advisors, which served as the “independent fiduciary” in putting together the deal to manage the pensions of 56,000 retirees.

The fast food company is joining a growing list of employers, including Walmart and Boeing, that are re-evaluating their diversity, equity, and inclusion policies, while Costco is doubling down on DEI.

The online retailer has been hit with a class-action lawsuit, alleging it violated its ERISA fiduciary duties by using forfeited 401(k) funds to offset company contributions instead of reducing administrative fees for participants.

The lawsuit alleged that UnitedHealth CFO John Rex interfered with the company’s decision to drop “one of the worst-performing target-date options in the entire market.”

SAG-AFTRA Health Plan, which provides healthcare benefits to eligible members of the entertainment industry, was hit with three class actions in California following a data breach incident that occurred in September.

However, high borrowing costs—which have kept the sector in a downturn for the past two years—may stay elevated for some time.