ERISA|Employee Benefits|Retirement Products and Services Attorney at Eversheds Sutherland (US)
Mass arbitrations on the rise... Companies utilizing arbitration clauses in their terms and conditions should be aware of the recent rise in mass arbitrations. In an attempt to overcome the practical limitations created by such clauses, there has been a recent trend among plaintiff’s attorneys where a substantial number of individuals collectively bring similar or identical claims against a common defendant through the arbitration process. - Initiated through extensive filing campaigns, mass arbitration claims can impose significant financial burdens on companies. - A company is often responsible for filing and administrative fees in an arbitration and as a result, the initial filing costs borne by companies can quickly escalate into the millions of dollars. #DisputeManagement #Litigation https://lnkd.in/gJZ9ekfa
