2nd Circuit Vacates Multiplan Class Certification In ERISA Suit Against TIAA

Mealey's (December 2, 2022, 9:59 AM EST) -- NEW YORK — Certification of a multiplan class was improper because the trial court did not include Employee Retirement Income Security Act “statutory exemptions as part of its predominance inquiry,” a Second Circuit U.S. Court of Appeals panel said Dec. 1, vacating and remanding the challenged ruling in the suit over collateralized loans serviced by Teachers Insurance and Annuity Association of America (TIAA)....