US Bancorp Denied Quick Appeal in Retirement Plan Fee Lawsuit

US Bancorp lost its bid for an immediate appeal of a decision greenlighting litigation over its retirement plan, when a Minnesota federal judge said the bank “has not come close” to showing that such a move is warranted.

The bank is challenging the court’s application of “settled legal standards to particular allegations found in a particular complaint,” which isn’t a controlling legal question warranting an immediate appeal, Judge Patrick J. Schiltz said Tuesday in an order blocking the process.

The bank wanted the US Court of Appeals for the Eighth Circuit to review a March opinion by Schiltz allowing participants ...