Litigation & Arbitration
Dec. 13, 2024
Mass arbitration rules: Who decides when claims consolidate?
The rise of mass arbitrations has prompted forums like AAA and JAMS to establish specialized rules and gatekeepers to determine claim consolidation, while others, like FINRA, leave the process less defined, raising procedural fairness concerns.
Bentley P. Stansbury III
Partner Stradley Ronon Stevens & Young, LLP
400 Oceangate
Long Beach , CA 90802
Phone: (562) 436-2000
Email: bstansbury@stradley.com
University of California Berkeley; Berkeley CA
In recent years, there has been a rise in cases where multiple claimants seek to have their respective claims heard in one consolidated arbitration. These claims are often filed by the same lawyer or law firm representing many different claimants. Some forums, like JAMS and the American Arbitration Association (AAA), have responded by implementing special rules for "mass arbitrations." Others, like the Financial Industry Regulatory Authority (FINRA), have chosen not to adopt ...
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