How 2nd Circ. Ruane ERISA Suit Reversal Affects Arbitration
Law360 (March 25, 2021, 6:36 PM EDT) -- The U.S. Court of Appeals for the Second Circuit, in a significant decision, recently ruled that Employee Retirement Income Security Act breach of fiduciary duty claims are not subject to arbitration under an arbitration agreement with the employer plan sponsor.
The decision in Cooper v. Ruane Cuniff & Goldfarb Inc. reverses a New York district court's order to compel arbitration.
The appellate court emphasized that the arbitration agreement the employee, Clive Cooper, signed when he was hired only banned him from filing claims in court related to his employment, not ERISA claims alleging breach of fiduciary duty which, according to the court,...
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!