Arbitration Provision In ERISA Plan Is Not Valid, Plan Participant Says

Mealey's (January 21, 2021, 1:01 PM EST) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals should affirm a district court’s ruling that an arbitration provision in an employee stock ownership plan is not valid because the arbitration provision forbids remedies that are authorized under the Employee Retirement Income Security Act and because the plan participants did not consent to the arbitration provision, a plan participant who filed suit against the plan contends in a Jan. 14 appellee brief....