Subscribe and Listen | ||
After discussing what mass arbitration is and its growing use for claims against companies in the consumer finance industry, we discuss the factors that make companies most vulnerable to mass arbitration claims. We then identify drafting strategies for arbitration agreements to deter the initiation of mass arbitration claims. We look next at how companies can benefit from the use of bellwether procedures, address criticism of such procedures, and discuss ethical issues that have been raised regarding the use of mass arbitration by plaintiffs’ attorneys. We conclude by discussing how the most widely used arbitration administrators have responded to the growing use of mass arbitration and how alternative administrators have approached mass arbitration, addressing criticism of industry for challenging the use of mass arbitration, and looking at whether companies should consider abandoning the use of arbitration agreements in response to mass arbitration.
Alan Kaplinsky, Senior Counsel in Ballard Spahr’s Consumer Financial Services Group, leads the conversation, joined by Mark Levin, Senior Counsel in the Group.
Andrew Pincus is a co-author of a recent paper published by the U.S. Chamber of Commerce Institute for Legal Reform, “Mass Arbitration Shakedown: Coercing Unjustified Settlements.” To read the paper, click here.
More Episodes
Subscribe to Ballard Spahr Mailing Lists
Copyright © 2024 by Ballard Spahr LLP.
www.ballardspahr.com
(No claim to original U.S. government material.)
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.
This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.