4th Circuit Denies En Banc Rehearing In Accounting-For-Profit Appeal

Mealey's (July 6, 2018, 12:34 PM EDT) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on July 3 denied a petition for rehearing en banc filed by the appellants in a decade-long case over a bank’s illegal transfer of assets from a 401(k) plan to an Employee Retirement Income Security Act pension plan (William L. Pender, et al. v. Bank of America Corp., et al., No. 17-1485, 4th Cir.)....