Split 2nd Circuit Reverses Arbitration Order In Profit-Sharing Loss Dispute

Mealey's (March 19, 2021, 8:23 AM EDT) -- NEW YORK — An employee’s agreement with his employer to arbitrate issues “relating to employment” did not encompass his claims for breach of fiduciary duty brought on behalf of a profit-sharing plan against a third-party investment adviser, a split Second Circuit U.S. Court of Appeals panel ruled March 4, reversing a trial court’s arbitration order....