GreenSky Can Use Goldman-Era Pacts to Force Worker Arbitration

GreenSky LLC can use an arbitration agreement workers signed while the fintech platform was under the Goldman Sachs Group Inc. umbrella to boot wage claims from court, even though it’s no longer part of the bank.

Plaintiff Amber Stephens argued that the agreement, which refers to Goldman Sachs and its affiliates only covered disputes that arose before the bank sold off GreenSky. But Goldman was acting as GreenSky’s agent when the worker signed the pact, and GreenSky was an intended third-party beneficiary of the agreement regardless, the US District Court for the Northern District of Georgia said Wednesday.

Stephens performed ...