Last fall the pro-lawsuit special interest group Public Citizen released a paper purporting to show that arbitrations find against the consumer the majority of the time. For a complete analysis of how misleading the report is, see: Arbitration – A Good Deal for Consumers by Dr. Peter B. Rutledge.
Nonetheless, the plaintiffs’ bar took up the Public Citizen’s report as proof that consumers are being denied their right to access the courts – and their timing, never a coincidence, was carefully coordinated to coincide with the introduction of the Feingold/Johnson Arbitration Fairness Act of 2007, a proposal that would effectively outlaw arbitration in virtually all consumer, employment and franchise contracts, leaving the courthouse as the only option for settling disputes.
That may be good for lawyers, but not so good for consumers...
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"Feingold/Johnson Arbitration Fairness Act of 2007"
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Wednesday, April 16, 2008
Arbitration Ain't Broke, But Trial Lawyers Want to "Fix" It
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