On June 3, 2021, in Donelson v. Ameriprise Financial Services, Inc., a panel of the U.S. Court of Appeals for the Eighth Circuit ordered class-action allegations in a putative securities fraud class action stricken on the pleadings under Rule 12(f) of the Federal Rules of Civil Procedure, and directed the matter to arbitration.
The decision is significant not only for its broad application of an arbitration clause to federal securities fraud claims, but as a rare appellate-level endorsement for striking class allegations under Rule 12(f)—which permits a court to strike from a pleading “an insufficient defense or any redundant, immaterial, impertinent, or scandalous matter”—prior to class discovery and a motion for class certification……
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This article first appeared in the NJ Family Legal Blog, here. As we have written before, alternate dispute resolution is a favored way to resolve divorce matters, whether it be...
By Eric SolotoffThe International Chamber of Commerce (ICC) has released revised arbitration rules, which are expected to become effective from 1 January 2021 and apply to arbitration proceedings commenced after that date....
By Steven Finzio, Dharshini PrasadThe African Arbitration Association has just published the African Arbitration Atlas, which constitutes a free online resource including African arbitration and a directory of African international arbitrators. The atlas is interactive and...
By Stacie Strong
With the purchase of a Featured Membership, you will be shown on the front page of Arbitrate.com to web site visitors from your city and region (“state” if you are in the USA). You may appear in more than one city/region by purchasing additional locations.
