Arbitration Clauses in Customer Agreements (Law360 Article by Brad Bondi and Jason Halper)

In a decision with potentially wide implications, a FINRA hearing panel recently ruled that Charles Schwab Company Inc. could include a provision in its customer agreements prohibiting customers from bringing class action claims against Schwab and requiring customers to arbitrate their claims. The decision should prompt other firms to review their arbitration agreements and to consider whether to amend their customer agreements to include similar clauses.

Click here to view all PDF of this article by Brad Bondi and Jason Halper. The online version may be found at http://www.law360.com/m/articles/427086/arguing-for-arbitration-clauses…. See also related news story: FINRA Hearing Panel with Regard to Arbitration Provisions in Broker-Dealer Customer Agreements (with Lofchie Comment).Law360 is an American online media company based in New York City that publishes news and analysis on business law for its online subscribers. Those interested in learning more about the Law360 may do so by linking to www.law360.com.Reprinted with permission of the publisher. Copyright 2013.