9th Circuit Denies Rehearing Leaving Prohibited Self-Dealing Ruling Untouched

Mealey's (July 8, 2019, 2:29 PM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on July 2 denied a 401(k) plan sponsor’s petition for rehearing or rehearing en banc, leaving in place its April 23 decision upholding a California federal judge’s determination that the plan sponsor engaged in self-dealing under the Employee Retirement Income Security Act (Alexander Acosta v. City National Corporation, et al., No. 17-55421, 9th Cir., 2019 U.S. App. LEXIS 19837)....