Thursday, March 3, 2011
U.S. Supreme Court will hear Arbitration matter next term
A scam targeting law firms is heading to the high court to determine when businesses waive their right to arbitration in consumer litigation. In the past, the U.S. Supreme Court has taken a liking to arbitration and arbitration cases, often siding with businesses that make binding arbitration part of their contracts in the interest of judicial efficiency. Plaintiff lawyers argue arbitration clauses are unfair to consumers and are just a way for banks to short-circuit class action lawsuits. The case claims Citibank’s actions run contrary to the high court’s prevailing philosophy on arbitration. Oral Argument will be set during court session beginning next fall.
-- Daily Business Review, Miami