Class arbitration
English translation: the same as a class action but
| 08:59 Aug 29, 2008 |
| English language (monolingual) [PRO] Law/Patents - Law: Contract(s) | |||||||
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|  Selected response from: BusterK Local time: 08:16 | ||||||
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peer agreement (net): +1
peer agreement (net): +1| class arbitration the same as a class action but Explanation: with an arbitration and not a court decision, i.e. if my understanding is correct: when a class action is ruled, anybody in the same situation may get the benefit from the ruling. With a class arbitration, the arbitration between a company and a plaintiff would also be enforceable by any other plaintiff in the same situation... |
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41 mins confidence:
| class arbitration arbitration proceedings in which the claimant purports to represent a class of absent individuals Explanation: :o) -------------------------------------------------- Note added at 43 mins (2008-08-29 09:42:59 GMT) -------------------------------------------------- www.acc.com/php/chapters/filespace/ne/An Uninvited Guest.pd... |
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4 hrs confidence:
| class arbitration alternative means of settling a civil dispute for a group of plaintiffs Explanation: US English "A class action or a representative action is a form of lawsuit where a large group of people collectively bring a claim to court." "Arbitration allows plaintiffs to resolve disputes more quickly and cheaply than by going to court. Instead of judges or juries, arbitrators decide if wrongdoing occurred and how to correct or compensate you for it." There are different class action categories and guidelines, as determined by Federal Arbitration Act (US) Please see URL When the arbitration is over, the decisions of the arbitrators are final and not subject to appeal. If a party to involved is unhappy with the result, they cannot go to court to try again. The arbitrators' decisions can only be challenged under VERY limited circumstances. Class action agreements are generally challenged, initially, as the plaintiffs would rather go to court for a greater monetary outcome, so the court: "decides fundamental issues (“gateway” issues) as to whether the parties agreed to arbitrate and the validity and scope of the arbitration agreement" Reference: http://www.sec.gov/answers/arbproc.htm Reference: http://64.233.167.104/search?q=cache:SKtbuEDPGAkJ:westlegalw... |
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