Concepcion's Effect On Insurance Arbitration

Law360, New York (May 11, 2011, 2:36 PM EDT) -- In a game-changing decision, the U.S. Supreme Court recently struck a considerable blow to consumers seeking redress through class actions. On April 27, in a 5-4 opinion, the high court ruled in AT&T Mobility LLC v. Concepcion et ux., No. 09-893 that companies can require dissatisfied customers to individually arbitrate their complaints.

Although, on its face, the decision may seem somewhat benign, in practice, it could have far-reaching consequences in the commercial contract and especially in the insurance industry, among others, which actively utilize class actions...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.