3. GOOD HEALTH AND WELL-BEING

US Bancorp Denied Quick Appeal in Retirement Plan Fee Lawsuit

Written by Amanda

US Bancorp lost its bid for an immediate appeal of a decision greenlighting litigation over its retirement plan, when a Minnesota federal judge said the bank “has not come close” to showing that such a move is warranted.

The bank is challenging the court’s application of “settled legal standards to particular allegations found in a particular complaint,” which isn’t a controlling legal question warranting an immediate appeal, Judge Patrick J. Schiltz said Tuesday in an order blocking the process.

The bank wanted the US Court of Appeals for the Eighth Circuit to review a March opinion by Schiltz allowing participants …

Source: news.bloomberglaw.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai