Goldman Ruling Would Undermine Arbitration, Group Says

Law360, New York (April 5, 2012, 8:12 PM EDT) -- A major securities industry group on Tuesday called on the Second Circuit to reverse a lower court's ruling that a Goldman Sachs & Co. arbitration clause was unenforceable in a lawsuit that accuses the bank of discriminating against female employees, saying that allowing the decision to stand would undermine a system that companies have long relied on as an alternative to litigation.

"The securities arbitration system has worked well for decades in resolving disputes, including disputes between employers and employees in the securities industry," the Securities...
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