Supreme Court Will Not Consider Self-Dealing Claims
(March 8, 2016, 10:46 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court declined to grant certiorari on Feb. 29 to review the Ninth Circuit U.S. Court of Appeals’ ruling that the alleged “reasonableness” of a plan contract administrator’s fees was no defense to its self-dealing in violation of Employee Retirement Income Security Act Section 406(b) (California Association of Professional Firefighters, et al. v. David Barboza, No. 15-708, U.S. Sup.).
The California Association of Professional Firefighters (CAPF) is a nonprofit mutual benefit corporation that provides long-term disability benefits to participating employee...