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On April 20th, the district court overseeing the Lehman Brothers securities and ERISA litigation refused to stay a significant part of a FINRA arbitration brought by a purchaser of Lehman bonds and filed against Richard S. Fuld Jr., the former CEO and Chairman of Lehman Brothers Holdings, Inc., and its broker-dealer, Lehman Brothers, Inc
On October 18th, the Los Angeles Times reported on S. 987, the Arbitration Fairness Act, which would make consumer, employment, and civil rights arbitration agreements unenforceable, and S. 1652, the Consumer Mobile Fairness Act, which would make arbitration agreements in cell phone contracts unenforceable
On February 28th, the Eleventh Circuit held that when a party challenges both the formation of a contract containing an arbitration clause and the contract itself, courts must conduct a two-step analysis
