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.
Read the complete story, here.
In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about advice for attorneys deciding between online arbitration (OArb) and in-person arbitration, especially in...
By Myriam Seers, Olof Heggemann, Oladeji Tiamiyu, Amy SchmitzFirst published on Thomson Reuters Practical Law Arbitration Blog, here. The principle of party autonomy is expressed and enshrined in section 34(1) of the English Arbitration Act 1996: the right of...
By Ruth HoskingIn this episode of the Arbitration Conversation, Amy interviews Prof. Mohamed Abdel Wahab of the Cairo University Faculty of Law, about developments in arbitration in Cairo, Egypt, and across the...
By Mohamed S. Abdel Wahab, Amy Schmitz