Judge Chastises Arbitration Process In Brokerage Dispute
In her ruling in a case between Merrill Lynch & Co. and Morgan Stanley, New York Supreme Court Justice Emily Jane Goodman took aim at securities industry arbitration practices, chastising the way in which firms use arbitration panels.
"Your industry and other industries that use arbitration by definition limit access to the courts," Goodman told Merrill's lawyers.
The attack on arbitration practices came as part of...
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