Deutsche Bank Can’t Appeal Workers’ Class Status in 401(k) Case

Deutsche Bank Americas Holding Corp. for now isn’t getting review of a decision granting class treatment to some 22,000 current and former workers who alleged the bank filled their 401(k) plan with expensive, affiliated funds.

The U.S. Court of Appeals for the Second Circuit denied Dec. 19 Deutsche’s request for leave to immediately appeal the district court decision that granted class treatment to the workers.

Without providing additional detail, a three-judge panel said the “immediate appeal is unwarranted.”

Deutsche’s request had garnered much attention, especially from business groups. The U.S. Chamber of Commerce urged the Second Circuit to review the ...