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Aetna Beats Provider’s Would-be Class Suit Over Covid-19 Tests

Aetna Health of California Inc. defeated a proposed class action by a medical provider that accused the insurer of underpaying for Covid-19 testing costs, but the provider will have another chance to bring claims under federal benefits and racketeering laws.

SmileDirectClub Must Face Securities Claims Alleging IPO Hype

Proposed securities class actions alleging a 77% stock-price drop following SmileDirectClub Inc.'s initial public offering will proceed on almost all claims against the dental device maker, several of its executives and directors, and underwriters.

Aetna, CVS Defeat ERISA Lawsuit Over Merger, 401(k) Stock Drop

Aetna Inc. and CVS Health Corp. again defeated a proposed class action by Aetna employees who say the companies’ 2018 merger hurt their 401(k) accounts, when a Connecticut federal judge ruled the workers wrongly amended their complaint without permission.

Northwell Health Retirement Plan Challenge Dismissed, for Now

A former Northwell Health Inc. employee who claimed the company mismanaged its $5.6 billion retirement plan must file a revised complaint to keep her case alive, after a New York federal judge said she alleged only a modest investment shortfall over a brief period.

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