2nd Circuit Denies Petition For Appeal Of Class Certification Grant

Mealey's (February 16, 2018, 11:14 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Feb. 13 denied a retirement plan’s administrative and investment committees’ petition for permission to appeal the grant of class certification in a breach of fiduciary duty case in which the investors claim that the defendants selected company-affiliated mutual funds as plan investments rather than other better-performing mutual funds, finding that immediate appeal is unwarranted (Marya J. Leber v. Citigroup, Inc., et al., No. 07-9329, 2nd Cir.)....