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Charles A. Newman Dentons

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Validity of FINRA prohibition of class action waivers: update *

USA - May 17 2012
This is an update on developments in and implications of Charles Schwab & Co., Inc.'s (Schwab) litigation with the Financial Industry Regulatory Authority (FINRA) concerning FINRA attempt to prohibit financial industry participants from adding mutual class action waivers into agreements with their customers.

Co-authors: Christopher Q. King, Sandra D. Hauser, Joel D. Siegel.