Forum Discussion
soren
Dec 03, 2015Explorer
Chris Bryant wrote:
Binding arbitration is a method business uses to legally break the law. Often the result includes a gag order, so you cannot even spread the word.
Third page, until something useful appears. Binding arbitration is used by corporate America to deprive you of your right to due process after they have screwed you. You are not going to just scratch I out of a contract drafted by a multi-billion dollar corporation. If it's required by a product manufacturer, I doubt crossing state lines will free you of it, but I'm no expert, so who knows.
I one spent two year assisting in the preparation of a arbitration case, then spent five days on the stand testifying. In the end the victim was robbed of three million in damages, the perpetrator was free to continue screwing their clients, with not even the tiniest of blemishes on their record, and both legal teams split over $900K in fees, paid by the victim. One you face arbitration, it's best to resign yourself to the fact that you are going to be screwed, it's how the system operates.
If anybody is interested, do a google search for a recent New York Times series on the subject.
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