9th Circuit Won’t Review Class Certification In Suit Over Mutual Fund Fees

Mealey's (January 29, 2018, 11:40 AM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals, in a Jan. 24 one-page order, denied a petition for permission to appeal a grant of class certification in a lawsuit for a former employee accusing his employer and its retirement plan investment committee of violating the Employee Retirement Income Security Act by charging 401(k) plan participants excessive fees, rejecting the employer’s claim that the employee signed away the right to sue in a severance agreement (Marlon H. Cryer, et al. v. Franklin Resources, Inc., et al., No. 17-80213, 9th Cir., 2018 U.S. App. LEXIS 1842)....