L1B Visa Expired, Extension Denied, I94 Valid until 2019, Am i legal to work & Stay

Hi All,

Greetings for the day !!

Here is the series of events :

Came to USA on L1B Blanket - Aug'2014
Visa Expired - Aug'2017
Visa Extension filed for L1B Individual - Jul'2017 (extension was filed so that i can travel for personal purposes)
I-94 Validity - Nov'2019 (I traveled to India in 2016 and was given I-94 for 3 years)
Visa extension rejected - Mar'2018 (case status says I-129 denied, i am yet to receive the detailed explanation)

Question - Am i legally allowed to stay and work in USA until the expiration date of I-94 i.e. Nov'2019?

Appreciate all the help.

Thanks !!