This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Securities,
Alternative Dispute Resolution

Jan. 28, 2020

Mandatory shareholder arbitration likely to stay in courts

The Securities Exchange Commission continues to refuse to condemn mandatory shareholder arbitration at the expense of class actions.

The Securities Exchange Commission continues to refuse to condemn mandatory shareholder arbitration at the expense of class actions.

Tax software company Intuit Inc. on Jan. 23 became just the second company ever to hold a vote for and reject a historic proposal to force shareholders to arbitrate their claims rather than sue in class, but the issue is likely to come up again as the SEC hints at leaving it to the courts.

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up