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All articles tagged '"Wall Street"'
31 articles found
Recent Developments in Arbitration of Consumer Disputes
By Victoria VanBuren - August 14, 2009
The Wall Street Journal reported yesterday that Bank of America will no longer require mandatory arbitration on customers’ credit card disputes (hat tip to our blog contributor Glen M. Wilkerson). Find Bank of America’s letter to Congressman Dennis Kucinich here and press release here. Back in July, JPMorgan Chase suspended mandatory arbitration as well. In case you missed the recent developments in consumer arbitration, here are some
The American Arbitration Association Confirms Today That It Suspends Arbitration of Consumer Debt Collection
By Victoria VanBuren - July 23, 2009
The Wall Street Journal reported that on Tuesday, a representative of the American Bar Association (“AAA”) said the organization will stop participating in consumer-debt-collection disputes until “new guidelines are established.” Read the full story here: An Arbitration Revolution? AAA Joins NAF, Stops Taking New Cases. Hat tip to our good friend and blog contributor Glen M. Wilkerson. Update: The AAA just released the fol
National Arbitration Forum Settles with Minnesota’s Attorney General
By Victoria VanBuren - July 20, 2009
To follow up on our post of last week and as reported by the ADR Prof Blog and Professor Ross Runkel’s Law Memo Arbitration Blog, the National Arbitration Forum (“NAF”) announced that is settling its lawsuit with Minnesota’s Attorney General and agrees to step aside from the credit card and consumer debt arbitration business. Lory Swanson released this statement today: National Arbitration Forum Barred From Credit Card And
National Arbitration Forum Sued by the Minnesota Attorney General
By Victoria VanBuren - July 16, 2009
Via the ADR Prof Blog, we learned that the Minnesota Attorney General, Lori Swanson, has filed a lawsuit against the National Arbitration Forum (“NAF”). The Complaint (Minnesota vs. National Arbitration Forum) alleges consumer fraud, deceptive trade practices, and false advertisement. On July 14, the AG’s office issued a press release about the lawsuit (Attorney General Swanson Sues National Arbitration Company for Deceptive Pra
Obama’s Financial Regulatory Reform and Mandatory Arbitration in Financial Contracts
By Victoria VanBuren - July 1, 2009
Within President Obama’s proposal to reform the financial services sector, A New Foundation: Rebuilding Financial Supervision and Regulation, there is a provision that directs the U.S. Securities and Exchange Commission (SEC) to study the use of mandatory arbitration clauses in investor contracts. Check out Professor Barbara Black’s discussion of the proposal in her post First Look at the Administration’s Financial Regulatory Re
Employment and Consumer Arbitration: NPR Article
By Victoria VanBuren - June 10, 2009
Yesterday, NPR had an interesting article about the controversial issue of mandatory arbitration of claims between businesses and individuals (employees and consumers). First, the article discusses the unfortunate story of a young woman who was allegedly raped by several men while working in Iraq for Halliburton. At issue in her case ( Jones v. Halliburton ) is a motion to compel arbitration of her tort claims filed by Halliburton. The case remai
Judge Sonia Sotomayor on Arbitration
By Victoria VanBuren - May 20, 2009
[Ed. note: Obama nominated Sotomayor on May 26; see Hispanic National Bar Association Press Release] Ever since U.S. Supreme Court Justice David Souter revealed his plan to retire, speculation of possible President Barack Obama‘s picks to replace him has flooded the blogosphere. SCOTUSblog has been profiling the “shortlist” candidates with an analysis of their opinions that intersect the Supreme Court’s decisions. Here is
Microsoft Loses Patent Infringement Dispute
By Victoria VanBuren - April 13, 2009
Last week, a Rhode Island federal court ordered Microsoft Corp. to pay $388 million to Uniloc USA Inc. for willful infringement of software patents. Uniloc USA Inc., et al. v. Microsoft Corp., No. 03-440, (D. R.I. 2009). The verdict is said to be one of the largest patent infringement jury awards in U.S. history. Related Posts: Oh Microsoft, Microsoft , Moderation Please: Rhode Island Seemingly Applies Frye in Microsoft Patent Infringement Trial,
14 Penn Plaza v. Pyett: Conflicts of Interest
By Victoria VanBuren - April 6, 2009
Last Friday, we wrote about the latest U.S. Supreme Court case related to arbitration. As we re-read the lengthy opinion, one of the issues that caught our attention was the composition of the parties (fully described here) and the potential for conflicts of interest. As Justice Stevens‘ dissenting opinion points out, the majority noted “the problem of entrusting a union with certain arbitration decisions given the potential conflict
Arbitration Empirical Studies
By Victoria VanBuren - March 24, 2009
So much has been said lately about the “evils” of arbitration, but so little attention has been given to studies regarding arbitration. In this article, from the Vol. 18, No. 1 of the Alternative Resolutions newsletter, John Allen Chalk, Sr. summarizes recent studies on the subject of arbitration, including studies on arbitration participants, attorney surveys, employment arbitration, and consumer arbitration. The article concludes th
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