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Surge in pension risk transfer lawsuits, as private equity pursues annuity assets
In the last year, Lockheed Martin, AT&T, Alcoa and GE have been sued by employees in class action lawsuits over the PRT deals made with a private equity firm, alleging the firm “breached their fiduciary duty,” says law firm Schlichter Bogard.
CVS’ Oak Street Health will pay $60 million to settle federal kickback allegations
The Anti-Kickback Statute prohibits anyone from offering or paying, directly or indirectly, money or anything else of value to induce referrals of patients or to provide recommendations of items or services covered by Medicare, Medicaid and other federally funded programs.
Sanders' Senate committee votes to hold CEO of bankrupt Steward Health in contempt
Lawyers for CEO Dr. Ralph de la Torre said the proceedings seemed likely to violate his constitutional rights.
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