In New 5th Circuit Panel Ruling, Big ERISA Multiplan Class Survives As Opt-Out

Mealey's ( July 16, 2024, 10:30 AM EDT) -- NEW ORLEANS — Withdrawing its August 2023 opinion upholding certification of a mandatory class of participants in thousands of retirement and health benefit plans, a Fifth Circuit U.S. Court of Appeals panel on July 15 partly reversed and remanded, saying an opt-out class is appropriate but a mandatory class is not....

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