9th Circuit Won’t Rehear ERISA Dispute Over Fees And Prohibited Transactions

Mealey's (November 16, 2023, 1:49 PM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals has denied a motion for panel or en banc rehearing in which the appellees said the ruling that the Employee Retirement Income Security Act’s prohibited transaction provision requires a plan administrator to consider third-party compensation its record-keeper received “departs from Supreme Court precedent and creates a circuit split.”...