Trade Groups Ask High Court To Review AmEx Arbitration Case

Law360, Los Angeles (August 31, 2012, 7:53 PM EDT) -- The U.S. Chamber of Commerce and other business groups on Wednesday urged the U.S. Supreme Court to review the Second Circuit's ruling barring American Express Co. from enforcing an arbitration agreement containing a class action waiver in an antitrust case, saying the decision undermines the Federal Arbitration Act.

The chamber argued in an amicus brief that the the cost and time saving advantages of resolving business disputes through arbitration would be lost if the Second Circuit's ruling is not overturned. The appeals court's decision also misinterprets the Supreme Court's landmark AT&T Mobility v. Concepcion ruling, in which the court concluded the...

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