Judge In ESOP Row:  Arbitration Clause Is Not Enforceable; Plaintiffs Have Standing

Mealey's (December 7, 2022, 12:45 PM EST) -- NEW YORK — An Employee Stock Ownership Plan (ESOP) arbitration clause is not enforceable because it conflicts with the Employee Retirement Income Security Act, a New York federal judge ruled Dec. 6 in a putative class suit alleging overpayment for company stock....