Employee Retirement Income Security Act News

Law Firm: Workplace Class Action Settlement Costs Reached Record $3.6B in 2021

The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the Seyfarth Shaw law firm …

9th Circuit: ‘Improper Erosion’ of Policy Limits No Grounds for Denial by Excess Insurer

Unless fraud or bad faith is involved, no policyholder should be expected to justify its reasons for making payments to settle litigation as a condition for making a claim under an excess insurance policy, the 9th Circuit Court of Appeals …