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Anthem Owes $7 Million for Anti-Wrapping Rules, Court Affirms

Anthem Blue Cross Life & Health Insurance Co. owes more than $7 million for bullying insurance brokers into a boycott of Ben-E-Lect, a “wrapping” company that makes high-deductible employee health plans more affordable through cost sharing, a California state appeals court ruled.

Ex-ManTech Employees Drop Lawsuit Challenging 401(k) Plan Fees

Four former employees of defense contractor ManTech International Corp. are dropping their proposed class action claiming the company’s 401(k) plan is full of expensive funds that drained millions of dollars in retirement savings, according to court papers filed in the Eastern District of Virginia.

Power Utility Trade Group Settles Suit Challenging 401(k) Fees

A trade association representing more than 900 local electric cooperatives and public utility districts announced plans to settle a proposed class action challenging the fees tied to its 401(k) plan, according to court papers filed in the Eastern District of Virginia.

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