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CA Court of Appeal finds three-arbitrator panel contract provision unenforceable

  • Pillsbury Winthrop Shaw Pittman LLP
  • -
  • USA
  • -
  • September 10 2009

In Parada v. Superior Court, 2009 DJDAR 12745 (August 27, 2009), the Fourth District Court of Appeal held an arbitration clause in contracts between an investment company and its customers requiring a three-arbitrator panel was unconscionable and therefore unenforceable where the company failed to justify it