How restrictions on class action lawsuits affect the arbitration industry
How restrictions on class action lawsuits affect the arbitration industry
A vote by the U.S. Senate last night allowing banks to keep using mandatory arbitration clauses in their contracts with consumers — rather than allowing class action lawsuits —essentially preserves the status quo. You might think that more fine print in more and more contracts would mean a lot more arbitration and a bonanza for the arbitration industry. But is that so?
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