2nd Circuit Won’t Rehear ERISA Effective Vindication Case After 2-1 Ruling

Mealey's (July 10, 2024, 3:51 PM EDT) -- NEW YORK — Denying without explanation a petition for panel or en banc rehearing in a case involving a high-profile Employee Retirement Income Security Act issue, the Second Circuit U.S. Court of Appeals on July 9 declined to revisit a 2-1 ruling that applied the effective vindication exception and upheld denial of a motion for individual arbitration concerning an employee stock ownership plan (ESOP) deal....

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