Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Wells Fargo bank location in Baltimore, MD. August 20, 2020.A federal judge in Minnesota on Monday dismissed an ERISA lawsuit brought by former Wells Fargo employees against the company for breach of fiduciary duty.
The lawsuit, filed last summer, argued that the company mismanaged its employee prescription drug benefits program, causing participants to pay “substantially more in premiums and out-of-pocket costs for certain prescription drug benefits than they would have absent Wells Fargo’s mismanagement.” The case outlined how Wells Fargo used Express Scripts as its pharmacy benefit manager without competitive bidding and permitted enormous markups, such as charging the plan more than $1,800 for a cancer drug that pharmacies acquired for less than $100.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Guide
Sponsored by LifeSecure Insurance Company
7 Must-Haves That Employers (and Employees!) Want in Workplace Benefits in 2025
Employers are revamping their benefits strategies--but are they offering what employees truly want? Discover the seven key elements shaping workplace benefits in 2025 to help your clients enhance satisfaction, retention, and enrollment.
Guide
Sponsored by Nonstop Administration and Insurance Services, Inc.
Guide: Redefining the Role of the Broker
In 2025, you are uniquely positioned to make a real difference for your clients--both financially and in the wellness of their employees. Full of tips ranging from goal setting to relationship building, this is your guide to being a better partner this year, and beyond.
Guide
Sponsored by Nonstop Administration and Insurance Services, Inc.
Everything You Need to Know About Medical Expense Reimbursement Plans (MERPs)
You can bet that many of your employer clients will be considering alternative funding models as they shop around for health plans this year. Download this short guide to learn about the difference between MERPs and HRAs, why they matter and how you can provide your clients with lower costs, more flexibility and greater satisfaction.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
