7th Circ. Told Forced Arbitration At Odds With ERISA's Goals
Law360 (January 27, 2021, 4:59 PM EST) -- A legal advocacy nonprofit has become the latest group to fight forced arbitration of ERISA class actions in a high-profile Seventh Circuit suit, urging the court to back an Illinois federal judge's decision that the arbitration clause in Triad Manufacturing Inc.'s retirement plan was invalid.
Public Justice, which considers opposing forced arbitration part of its mission, argued in an amicus brief filed Tuesday that attempts to prevent workers from suing collectively over benefit plan mismanagement fly in the face of the Employee Retirement Income Security Act's purpose.
"Individualized arbitration of ERISA fiduciary breach and prohibited transaction claims will undermine and threaten...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!