Arbitration Clause Does Not Override Litigants’ ERISA Rights in RNVB Case
In Su v. Petersen et al., No. 4:19-cv-00705 (E.D. Tex. July 12, 2023), a district court also allowed a case to proceed despite an arbitration clause. Plaintiffs allege that a trustee allowed a sale of the assets of the ESOP trust back to the company (RNVB) at a price that was below what the stock was worth.
Join or log in to access this content and much more
NCEO membership connects you with the employee ownership community and provides practical resources that empower you to make informed decisions about employee ownership.