Kia Franklin
Motley Ain’t No Fool…
The folks over at Motley Fool know that Mandatory Arbitration Stinks. Serena Maranjian writes:
I recently wrote about one of the many dangers credit card holders face: mandatory arbitration. Most cardholders don’t realize it, but they’ve agreed to have all disputes settled by arbitration firms that tend to favor the card-issuing banks.It turns out this problem is more far-reaching than I’d realized. It crops up in cell-phone contracts and even employment contracts. But then I heard more. (Read More)
The gospel is spreading, friends. Hopefully it will lead to some mobilization on the Hill. So far, only a few Senators have become formal supporters of Russ Feingold’s Arbitration Fairness Act of 2007. Guess they’re too busy confirming backward judges.
Posted at 10:21 AM, Oct 25, 2007 in Mandatory Arbitration | Permalink | Comments (2) | TrackBack (0)
Comments
If arbitration is bad, why do many attorneys ask clients to sign arbitration agreements prior to taking their cases?
Posted by: Throckmorton | October 25, 2007 01:04 PM
I don't know how many "many" is, but as I've said in the past, that is a particularly absurd and egregious thing for an attorney to do. I don't know who these guys are but hopefully you're not talking about plaintiff's attorneys--that would be ironic. Lawyers have a professional obligation to advise their clients against signing pre-dispute binding mandatory arbitration agreements.
Posted by: Kia | October 25, 2007 05:19 PM