Live Nation Gets 401(k) Plan Fee Challenge Booted to Arbitration

Live Nation Entertainment Inc. won a court order dismissing a proposed class action over its 401(k) plan fees and sending the dispute into arbitration.

The concert and live entertainment company amended its 401(k) plan in 2022 to require that any claim relating to plan benefits or fiduciary conduct be resolved by confidential, binding arbitration. The plan also includes a class action waiver preventing participants from bringing representative actions on behalf of others.

These provisions are valid and enforceable and require the dismissal of a proposed class action filed in March by plan participant Pamela Avecilla, Judge Percy Anderson of the ...