10th Circuit Affirms Effective Vindication Ruling In ERISA Suit Over ESOP Deal

Mealey's (February 10, 2023, 1:30 PM EST) -- DENVER — Upholding a ruling that an arbitration clause is invalid, a 10th Circuit U.S. Court of Appeals panel on Feb. 9 said the effective vindication exception applies because an arbitration provision prohibiting “any form of relief that would benefit anyone other than” an individual claimant “directly conflicts with” statutory remedies available under the Employee Retirement Income Security Act....