ERISA

The <strong><a href="http://www.courthousenews.com/wp-content/uploads/2019/04/ERISA.pdf" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">Ninth Circuit affirmed</a></strong> that City National Bank engaged in self-dealing and breach of fiduciary duties in its employees’ 401(k) plans, compensating itself with self-approved fees from the plan’s assets.

SAN FRANCISCO — The Ninth Circuit affirmed that City National Bank engaged in self-dealing and breach of fiduciary duties in its employees’ 401(k) plans, compensating itself with self-approved fees from the plan’s assets. The court also reversed and remanded other claims.

Categories / Appeals, Business, Employment

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