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Liberty Mutual Can t Sink ERISA Fee Suit
Law360 (June 15, 2021, 8:09 PM EDT) A Massachusetts federal court on Tuesday refused to toss a proposed class action lodged by Liberty Mutual workers who claimed the company saddled their retirement plan with too-high fees and sluggishly performing funds, costing them millions of dollars and violating federal benefits law.
U.S. District Judge Mark Mastroianni cast aside the insurer s motion to dismiss in his electronic docket order, determining that the proposed class of workers and retirees had sufficiently pled their case alleging Liberty Mutual Group Inc. mismanaged their 401(k) plan and breached the Employee Retirement Income Security Act.
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In a Northern District of California complaint filed Tuesday, a employee of defense company Northrop Grumman alleged that the health plan provided by his employer and administered by Anthem fell short of the requirements of the Employee Retirement Income Security Act.
The plaintiff argued that ERISA required Anthem to approve coverage of his son’s mental health treatment, as the treatment was medically necessary. The complaint recounted the son’s long-term mental health treatment was deemed necessary “based upon the reasoned medical opinions of N.H.’s mental health providers.” Anthem initially approved coverage of the treatment, but retracted the approval after two months; the plaintiff explained that the long-term in-treatment care like that required by the plaintiff’s son often lasts between six and 18 months.
California Attorney General Bonta Files Brief in Support of Access to Mental Healthcare Services goldrushcam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from goldrushcam.com Daily Mail and Mail on Sunday newspapers.
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Retirement plans are increasingly subject to cybersecurity
issues, and the U.S. Department of Labor (DOL) is taking notice. On
April 14, 2021, the DOL published cybersecurity
guidance for plan sponsors, plan fiduciaries, record
keepers and plan participants on best practices for maintaining
cybersecurity, including tips for hiring service providers
and online security tips for participants. In recent years, DOL
guidance that eased rules related to electronic communications to
plan participants might have helped make participants more
susceptible to phishing attempts that masquerade as official plan