United States:
Have Class Arbitrations Found New Life?
25 November 2015
WilmerHale
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Can a claim on behalf of a class of plaintiffs be
handled effectively and fairly in an arbitration
proceeding? Anecdotal opinions about
that subject are expressed freely, but they often
have questionable evidentiary bases. More information
that may contribute to this discussion now
is being made available by arbitral organizations,
arbitral awards and court decisions involving class
arbitrations and by the Consumer Financial Protection
Bureau (CFPB). The CFPB also has proposed
rulemaking for future consumer financial transactions
that could encourage class arbitrations,
perhaps in contexts other than those under CFPB
jurisdiction.
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Originally published in the NEW YORK LAW JOURNAL, November 16, 2015
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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