A split federal Appeals Court has sided with an investment consultant for Lowe’s Home Improvement in a lawsuit filed by employees linked to the company’s retirement plan. The 2-1 ruling from the 4th U.S. Circuit Court of Appeals upholds a lower court decision.
The appellate court has sided with a lower court’s determination that individual arbitration agreements signed by plaintiffs should not prevent claims made on behalf of the plan as a whole from moving ahead.