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BuzzFeed Can Block Worker Arbitration Claims Over IPO Snafu

  • Media company didn’t enter into arbitration pacts, judge finds
  • Employees complain they lost millions in botched offering
BuzzFeed Tumbles In Turbulent Debut For Digital Media
Photographer: Tiffany Hagler-Geard/Bloomberg
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A judge said BuzzFeed Inc. can block arbitration demands from employees who claim the company bungled its initial-public offering and wrongfully denied workers the chance to sell their shares before the stock crashed in value.

New York-based BuzzFeed, which went public last year, has the legal right to bar workers from having their allegations reviewed by American Arbitration Association officials, Delaware Chancery Court Judge Morgan Zurn ruled Friday.