Arbitration avoids class action extortion

NY Times:

Justices Will Hear Challenges to Mandatory Employee Arbitration


Deciding whether companies can use employment contracts to prohibit workers from banding together to take legal action over workplace issues.
As a former corporate general counsel, I favored arbitration over trials in many cases.  The trial lawyers in many cases abuse the class action process.  They drive up the litigation cost in hopes of getting a settlement in the range of what it would cost to defend the case.  In many cases, the trial lawyers are the only ones who profit from the process.  Their clients tend to get minimal returns while the lawyers are paid handsomely.

Arbitrations tend to cost less for both sides of the case.  I think the arbitrators attempt to be fair to all sides and usually bend over backward to hear both sides.

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