Comments on: Have you signed away your rights?

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By: Anonymous

Anonymous — Fri, 19 Aug 2016 15:03:37 +0000

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By: Florida

Florida — Fri, 19 Aug 2016 14:54:17 +0000

Arbitration providers are organized to serve businesses, not consumers. Their marketing is targeted entirely at businesses, and their panels of arbitrators consist primarily of corporate executives and their lawyers.

Since only businesses will be repeat users of an arbitrator, there is a disincentive for an arbitrator to rule in favor of a consumer or employee if he expects further retentions.

There is also a long-standing custom among arbitrators to “split the difference” between two sides’ positions. The result is that arbitration awards to consumers and employees are substantially lower than court awards.

Comparisons of average awards by arbitrators and courts in employment cases and medical malpractice cases show that arbitration claimants receive only about 20 percent of the damages that they would have received in court.

By: Louis

Louis — Fri, 19 Aug 2016 14:52:42 +0000

Consumers should read their clauses carefully because in rare cases they may be given the chance to opt out of arbitration clauses if they do so in writing within a certain amount of time.

By: Greg

Greg — Fri, 19 Aug 2016 14:51:15 +0000

The biggest issue with mandatory arbitration is that consumers just don’t bring claims; they walk away from the process because it is designed to make them do just that.