4th Circuit Lets ERISA Class Cert Vacatur Stand; Amici Supported Rehearing

( June 5, 2026, 1:46 PM EDT) -- RICHMOND, Va. — Denying en banc rehearing in a case where it reversed and vacated certification of a mandatory class, the Fourth Circuit U.S. Court of Appeals on June 4 let its ruling stand in the Employee Retirement Income Security Act case challenging the employer’s decision to include passively managed BlackRock LifePath Index target date funds (TDFs) in its defined-contribution retirement plan....