Mo. Court Holds Arbitration Equal To Other Contract Terms

Law360, New York (March 7, 2012, 8:16 PM EST) -- Citing the U.S. Supreme Court's Concepcion ruling, the Missouri Supreme Court said Tuesday that courts should evaluate arbitration agreements using general contract law principles that don't favor or disfavor arbitration, blocking one agreement and reviving another in separate putative consumer class actions against payday lenders.

In two opinions issued Tuesday, the Missouri high court said that under the 2011 AT&T Mobility LLC v. Concepcion ruling, the Federal Arbitration Act preempts state law that doesn't put arbitration agreements “on equal footing” with other contract provisions, as Congress...
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.