ERISA Plan Participants Denied 9th Circuit Review Over Class Cert Denial

Mealey's (April 30, 2020, 12:39 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on April 27 refused to review a court’s partial denial of class certification for participants in BlackRock Inc.’s 401(k) plan over allegations that the plan’s investor improperly favored its own proprietary funds when selecting investment options in violation of Employee Retirement Income Security Act (Charles Baird, et al. v. BlackRock Institutional Trust Company, N.A., et al., No. 20-80044, 9th Cir.)....