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AT&T Inc. is facing a second lawsuit, brought by former participants of the AT&T Pension Benefit Plan, alleging the company violated its ERISA obligation by conducting an $8.05 billion pension risk transfer with Athene Annuity and Life Co., which they claim is a risky insurance company, Plansponsor reports. The plaintiffs accuse AT&T and its independent fiduciary, State Street Global Advisors Trust Co., of favoring their own interests over those of the plan participants.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
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