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Split 2nd Circ. Backs Arbitration Denial In ERISA Suit

By Patrick Hoff ( May 1, 2024, 7:33 PM EDT) -- A divided Second Circuit panel ruled Wednesday that a group of financial services companies can't compel individual arbitration of a proposed class action accusing them of overcharging an employee stock ownership plan, saying that doing so would prevent a plan participant from seeking planwide remedies authorized by federal benefits law. . . .

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