Spence v. American Airlines: Expanding the Playing Field for Fiduciary Liability?
A federal court in Texas has ruled that American Airlines breached its duty of loyalty under ERISA by failing to respond to activities undertaken by a plan investment manager (BlackRock) supporting ESG initiatives. The court was unable to find a breach of prudence—rather it relied solely on the obligation of “loyalty.”
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Spectre, Meltdown and HIPAA: An Unpleasant Trio
Question: What do employers and James Bond Have in common? Answer: Both have to combat Spectre. However, the problem for employers is that in addition to fighting the new Spectre computer bug, employers must also combat the Meltdown computer bug. And, employers must do so in a way that complies with HIPAA. This blog will […]
Association Health Plans on the Move
A new proposed regulation represents the latest phase of the Administration’s efforts to reshape the American health care system. The proposed regulation, issued in response to President Trump’s October 12 executive order, opens the way to expand association health plans (AHPs). An AHP is a health plan sponsored by a group of unrelated employers, linked […]