Henny Penny Wants Employee Stock Plan Dispute in Arbitration

Henny Penny Corp. is asking a court for permission to jump into a proposed class action between one of its employees and the trustee of its employee stock ownership plan. The food equipment maker says the dispute belongs in arbitration, not in court (Brown v. Wilmington Tr., N.A., S.D. Ohio, No. 3:17-cv-00250-WHR, motion to intervene as third-party plaintiff 9/28/17).

The company on Sept. 28 filed a motion to intervene in the lawsuit, arguing that its stock plan contains an arbitration clause requiring disputes like this one to be submitted to arbitration, not the federal courts. The lawsuit, ...