Petitioner Argues That 4th Circuit’s ERISA Party In Interest Ruling Creates Split

Mealey's (December 8, 2021, 2:32 PM EST) -- WASHINGTON, D.C. —  A third-party service provider on Nov. 17 petitioned the U.S. Supreme Court for certiorari on a Fourth Circuit U.S. Court of Appeals panel’s ruling that it could be held liable as a nonfiduciary party in interest under the Employee Retirement Income Security Act’s prohibited transaction provision, arguing that the decision creates a split with the 10th Circuit....