ESOP Fiduciaries Ask U.S. Supreme Court To Review Effective Vindication Ruling

(July 17, 2023, 11:53 AM EDT) -- WASHINGTON, D.C. — Arguing that the challenged ruling regarding an employee stock ownership plan (ESOP) “offends” two lines of U.S. Supreme Court decisions and deepens a circuit split, plan fiduciaries petitioned the nation’s high court for review of a decision that — based on application of the effective vindication exception — declined to compel arbitration in the Employee Retirement Income Security Act case....