Fiduciaries Beware: Employer Health Plan Under Fire For Alleged Prescription Drug Mismanagement
An employer health plan is the latest target of class action litigation seeking redress for the alleged conduct of the plan’s pharmacy benefit manager (“PBM”).
On February 5, 2024, a Johnson & Johnson employee filed a proposed class action in federal court in the District of New Jersey for breach of fiduciary duty against the company, its benefits committee, and individual committee members. The plaintiff alleged that the defendants failed to properly manage the company’s […]