ESOP's Arbitration Clause Conflicts With ERISA, Judge Says

By Patrick Hoff (January 26, 2023, 4:14 PM EST) -- A Delaware federal magistrate judge recommended tossing a bid by a cargo airline's owners to arbitrate a suit claiming they sold overvalued shares of the company to an employee stock ownership plan, finding the plan's arbitration provision conflicts with the Employee Retirement Income Security Act....

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