USC Retirement Plan Lawsuit Stopped Pending Appeal

University of Southern California employees won’t be able to proceed with their case challenging the management of their retirement savings while an appeals court rules on whether the case should go to arbitration.

USC showed that discovery costs would likely amount to individualized and irreparable harm, sufficient to stay the proposed class action until the U.S. Court of Appeals for the Ninth Circuit rules on the university’s appeal, Chief Judge Virginia A. Phillips of the U.S. District Court for the Central District of California held May 11.

The stay means that USC workers won’t be able to continue discovery on ...