With Rehearing Denied, 2nd Circuit’s ERISA Prohibited Transaction Ruling Stands

Mealey's (December 28, 2023, 12:47 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals has denied a rehearing petition in which retirement plan participants whose unsuccessful appeal essentially sought revival of the bulk of their class action argued in part that the challenged decision involving a first-impression prohibited transaction holding conflicts with three other circuits’ rulings....

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