Class, Amici Weigh In On Rehearing Bid In ERISA Prohibited Transaction Row

Mealey's (October 19, 2023, 12:47 PM EDT) -- SAN FRANCISCO — Contending that the appellees’ “assertion that recordkeeping and other agreements for necessary services are not subject to” the Employee Retirement Income Security Act’s prohibited-transaction provision “makes no sense,” a certified class of retirement plan participants on Oct. 18 urged the Ninth Circuit U.S. Court of Appeals to deny a petition for panel or en banc rehearing....