Panel: Plaintiffs Asserting Derivative ERISA Claims Are Bound By Plan’s Agreement

Mealey's (July 18, 2023, 10:17 AM EDT) -- PHILADELPHIA — Agreeing with a lower court’s holding that retirement plan participants who filed a putative class suit on behalf of the plan “stand in the Plan’s contractual shoes and must accept the terms of the Plan’s contract,” a Third Circuit U.S. Courts of Appeals panel on July 17 affirmed a ruling compelling arbitration with a consultant....

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