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According to FINRA, Through July 2023, there were 1,914 new cases filed for arbitration. 163 customer claimant cases had been decided through July 2023 and in 26% of those cases, customers were awarded damages. [53] [54] [48] FINRA rates any positive award to a customer as a win for the customer, regardless of the magnitude of losses or legal fees.
Smith v. Spizzirri, 601 U.S. ___ (2024), was a United States Supreme Court case in which the Court held that, when a court finds that a lawsuit involves an arbitrable dispute and a party has requested a stay of the court proceeding pending arbitration, Section 3 of the Federal Arbitration Act compels the court to issue a stay, and the court lacks discretion to dismiss the suit.
Arbitration in the United States is governed by the Federal Arbitration Act of 1925 (FAA, codified at 9 U.S.C. 1 et seq.), which requires courts to compel parties who agree to arbitration to participate in binding arbitration, the decision from which is binding upon the parties.
The Supreme Court case was the consolidation of three prior cases which had created a split opinion in the Circuit Courts in relation to the FAA and the NLRA, and which all had submitted petitions for writ of certiorari in 2016. Epic Systems Corp. v. Lewis (Docket 16-285) involved employees at Epic Systems, a Wisconsin healthcare software ...
Pinning an AOL app to your Windows 10 Start menu is a simple task, follow the steps below. Open the Windows Start menu and click All apps. Locate the AOL app in the list. Right-click on the app name. A small menu will appear. Click Pin to Start to add this app to your Start menu.
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FINRA rules require arbitration through a FINRA arbitration panel, except in the case of class actions, which are reserved for the court system. Specifically, the OHO Panel cited the Supreme Court decision in Shearson/American Express Inc. v. McMahon that securities law claims are no exception to the FAA's mandate that parties to an otherwise ...
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