It is hornbook law that the Federal Arbitration Act (“FAA”) enforces pre-dispute arbitration agreements involving just a hint of interstate commerce. Section 1, however, has a carveout providing: “nothing herein contained shall apply to contracts of employment of seamen, railroad employees, or any other class of workers engaged in foreign or interstate commerce.” The limited exception contained in section 1 has created a circuit split on the standard to use when determining whether an employee falls under the exemption’s residual clause. On February 22, 2021, the Supreme Court, for the time being, refused to resolve the issue by denying Certiorari in Amazon.com, Inc. v. Rittman, No. 20-622.
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In this episode of The Arbitration Conversation Amy interviews Arbitrator Bill McGrath about motions in arbitration. https://youtu.be/FooF0hRtjLkBy Bill McGrath, Amy Schmitz
This article first appeared on the Securities Arbitration Alert (SAA) blog, here. Margin debt in February grew to $814 million, up dramatically from a year ago. What this portends for...By George Friedman