Nicole Zachman brought a putative class action against the Hudson Valley Federal Credit Union (HVCU) for breach of contract and violation of the federal Electronic Fund Transfer Act, among other claims, based on HVCU’s alleged practice of collecting overdraft or insufficient funds fees on accounts that were not actually overdrawn.
HVCU moved to compel arbitration based on an arbitration provision included in the modified account agreement Zachman signed in 2019 when she opened her online account with HVCU. Zachman countered that the account agreement she signed in 2012, when she originally opened her account with HVCU, did not contain an arbitration agreement and further that she was not bound by the arbitration provision added in 2019 because she was never provided notice of its addition…
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Maharashtra National Law University Mumbai’s Centre for Arbitration Research has published the inaugural issue of the Indian Review of International Arbitration (IRIArb). The inaugural issue of the journal is dedicated...
By Chirag BalyanThis article was first published on the Securities Arbitration Alert blog, here. Oppenheimer has moved to vacate a massive Award rendered against it by a FINRA Panel. We reported in...
By George FriedmanThis article first appeared in the Securities Arbitration Alert Blog, here. AAA Award Data is updated quarterly by the American Arbitration Association. This analysis of the latest update is provided...
By George Friedman
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