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Tetra Tech Can Force Solo Arbitration in 401(k) Forfeiture Suit
Law360; subscription required
May 20, 2024 "[The judge] rejected Yagy's assertion that she should be allowed to seek monetary relief for the entire plan, saying that nothing in ERISA establishes a plan participant's guaranteed right to bring a collective action. According to the court, Section 502(a)(2) allows a participant to sue a fiduciary for 'appropriate relief,' which doesn't necessarily include the ability to seek restitution for the whole plan." [Yagy v. Tetra Tech, Inc., No. 24-1394 (C.D. Calif. May 17, 2024)] |
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