Navigating the Mass Arbitration Minefield: Costs, Challenges and Strategic Shifts
The structure of arbitration fees, typically assessed per claim, creates a daunting financial barrier for companies, making the prospect of settling, irrespective of the claims' legitimacy, increasingly attractive. This dynamic has spurred a closer examination of arbitration service providers,
October 10, 2024 at 10:19 AM
15 minute read
CommentaryIn recent years, the landscape of dispute resolution has seen a notable shift, with businesses historically favoring arbitration over court proceedings to enforce agreements. This trend has taken an interesting turn as plaintiffs' attorneys, previously opponents of arbitration, have begun to leverage mass arbitration strategies, initiating claims by the thousands. These claims, often rooted in employment disputes or allegations of consumer rights violations, present a significant financial challenge for businesses due to the steep upfront fees required by arbitration services.
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