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Perspective

Dec. 2, 2009

Arbitration, Under the Microscope

Brian Kabateck of Kabateck Brown Kellner writes about the Minnesota Attorney General's exposure of an over-utilized and under-regulated arbitration industry.

By Brian Kabateck

In the good old days, people who illegally bet on professional sports knew there were certain risks involved. You were operating outside the law, your bookie probably had ties to the mob, and there was always the possibility that the mob fixed the game.

Hedge fund manager J. Michael Cline might have heard of those days and thought he could do better. Instead of pulling the 20 ounce porterhouse steak of cons, though, he decided to go the McDonald'...

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