Will Sanchez V. Valencia Holding Co. Be Reversed?

Law360, New York (April 9, 2012, 1:20 PM EDT) -- On March 21, the California Supreme Court granted review in Sanchez v. Valencia Holding Company, previously cited at (2011) 201 Cal.App.4th 74. This is great news for for retailers and automobile dealers nationwide in that the Sanchez court’s invalidation of the arbitration provision in the LAW 553-CA-ARB form, which is nearly identical to the arbitration provision in all LAW 553-ARB retail installment sale contracts nationwide, is no longer good law.

As you may know, the LAW 553-CA-ARB retail installment sale contract contains a class action waiver...
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