Jaco Must Arbitrate MDL Price-Fixing Claims, 9th Circ. Hears

Law360, New York (May 4, 2012, 7:08 PM EDT) -- NEC Corp. on Thursday asked the Ninth Circuit to enforce an arbitration agreement between the liquid crystal display maker and Jaco Electronics Inc., saying a lower court shouldn’t have let NEC's distributor bring price-fixing claims against the company in multidistrict litigation.

NEC said in its opening brief before the appeals court that a California federal court had been wrong to deny the company its contractually guaranteed right to arbitrate rather than litigate claims brought by its former business partner accusing NEC of participating in a global...
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.