Philadelphia lawyer Alan Kaplinsky profiled by Philadelphia Inquirer:
Kaplinsky takes credit for the Arbitration Waiver, an agreement that forces bank customers (and, more recently, corporate employees) to accept arbitration to settle disputes, instead of suing or joining well-financed class-action lawsuits. Kaplinsky had feared that the bureau under Cordray would effectively ban mandatory arbitration. The Trump administration has favored the practice, protecting Kaplinsky’s legacy.
“We made a lot of money defending those suits. So you could say this goes against our self-interest,” Kaplinsky told me. “But I felt class actions were being abused.
A blog about Arbitration law, by Stephen Ware, a law professor at KU, in Lawrence, Kansas.
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Friday, June 22, 2018
Friday, June 8, 2018
Will Securities Exchange Comm'n Permit Arbitration Clauses in Initial Public Offerings?
As Skadden explains, "Historically, the SEC has not permitted forced arbitration clauses in IPOs. The issue last arose in the context of an IPO of a U.S. company in 2012, when the Division of Corporation Finance took the position that it would not use its delegated authority to accelerate the effective date of the company’s registration statement because it was unable to conclude that such mandatory arbitration provisions were consistent with 'the public interest and protection of investors' as required by Securities Act Section 8(a)."
Various commentators weigh in:
IPO-Related Securities Litigation and the Idea of Shareholder Claim Mandatory Arbitration
By Kevin LaCroix
The Uncertain Role of IPOs in Future Securities Class Actions, by Jeff Lubitz, Institutional Shareholder Services,
SEC Weighs a Big Gift to Companies: Blocking Investor Lawsuits
By Benjamin Bain
Various commentators weigh in:
IPO-Related Securities Litigation and the Idea of Shareholder Claim Mandatory Arbitration
By Kevin LaCroix
The Uncertain Role of IPOs in Future Securities Class Actions, by Jeff Lubitz, Institutional Shareholder Services,
SEC Weighs a Big Gift to Companies: Blocking Investor Lawsuits
By Benjamin Bain
Labels:
SEC,
securities arbitration
Location:
Lawrence, KS 66049, USA
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