Retirement Plan Participants Ask High Court To Pass On Reviewing Arbitration Ruling

Mealey's (January 3, 2019, 12:46 PM EST) -- WASHINGTON, D.C. — There is no need for the U.S. Supreme Court to review a Ninth Circuit U.S. Court of Appeals’ decision to deny arbitration in a lawsuit accusing the University of Southern California (USC) of charging excessive fees for its 403(b) retirement plan as the decision is based on the plain reading of the employees’ arbitration agreements and does not conflict with any other decision or the principles underlying the Federal Arbitration Act (FAA), plan participants argue in a Dec. 30 brief in opposition (University of Southern California, et al. v. Allen L. Munro, et al., No. 18-703, U.S. Sup.)....