In the roughly three weeks since Robinhood restricted trading of certain securities, including GameStop, investors have filed more than 90 federal lawsuits generally claiming that the trading app’s actions were unfair and unlawful, court records reviewed by CNBC’s Make It reveal.
Yet consumer advocates and lawmakers including Sen. Elizabeth Warren, D-Mass., worry that users who have filed these suits will not get their day in court. That’s because Robinhood’s user agreement contains a clause that requires disputes by users to be settled in arbitration and not in the civil court system.
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In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about obtaining discovery in arbitration, especially in a digital world and faced with the...
By George Friedman, Theo Cheng, Daniel Urbas, DeAndra Roaché, Amy SchmitzThis article first appeared on the Practical Law Arbitration Blog, here. What happens after a claimant successfully obtains an arbitral award against the respondent? Where a respondent is unwilling to comply with...
By Christopher Tan, Christina LiewIn this episode of the Arbitration Conversation, Amy interviews Prof. Rick Bales of Ohio Northern School of Law on labor arbitration in the time of COVID. https://youtu.be/-lmqqMQqA6Y
By Rick Bales, Amy Schmitz
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