The University of Southern California intends to seek U.S. Supreme Court review on whether a lawsuit challenging how it managed its workers’ retirement savings should go to arbitration or stay in court.

USC’s request of review from the justices is expected to come before Nov. 29, the deadline for the university to file its petition. USC would want the justices to reverse a ruling by an appeals court refusing to send to arbitration fiduciary breach claims brought by participants in the university’s retirement plan.

The university also would seek to pause litigation in the lower court while the Supreme Court...