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The questioning didn't go well for the plaintiffs in American Express vs...Supreme Court is about to give companies another powerful tool for reducing class-action litigation against them. The justices expressed strong skepticism about the central
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American Express and American Express corporate cards are pictured in Encinitas, California October 17, 2011. The Supreme Court on Friday agreed to consider whether American Express Co may invoke an arbitration clause to prevent merchant customers
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For two years, Willowbrook condominium homeowner Roxanne Miller endured an arbitration process to reach a settlement with her home's developer, KB Home. The process ruined Miller financially, she says, forcing her to sell her car and move back to
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Last week, San Francisco County Superior Court Judge Harold Kahn shot down a request by Kleiner Perkins to make Pao arbitrate the case. Although employers prefer that route because it's usually cheaper and faster not to mention private Kahn had
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In a Friday filing in San Francisco Superior Court, Silicon Valley's most fabled venture capital firm says it should be allowed to take advantage of the arbitration clauses in those contracts out of simple fairness -- even though the firm itself did
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Consumer advocates have long maintained that it's a lousy idea unwise as well as unfair to allow businesses to impose arbitration clauses barring class actions in their ordinary dealings with customers. It's one thing, they say, for two companies to
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This inquiry will help the bureau assess whether rules are needed to protect consumers." At first glance, it would appear that the Consumer Financial Protection Bureau could do little regarding arbitration clauses, which forbid people from suing
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The government's new consumer watchdog is launching an inquiry into the use of arbitration clauses in financial contracts, which keep disputes over credit cards and other products out of the court system. Consumer advocates long have complained that
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The clause may have run into legal trouble even if Carlyle had not changed its mind...Davidoff, wrote at the time of the filing , Traditionally, the S.E.C. has refused to allow I.P.O.'s to go forward with these types of arbitration clauses, at least
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If you look carefully and you probably haven't at the fine print in your credit card agreement or in many of the consumer contracts you sign, you'll likely find a provision that says if you have a dispute and want your day in court, you're out of
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