Class Action Lawyers Only Winners in Eliminating Arbitration

Austen Jensen, senior vice president, government affairs at the Retail Industry Leaders Association, issued the following statement urging members of the House to vote against H.R. 963, the “Forced Arbitration Injustice Repeal (FAIR) Act” which would effectively ban arbitration provisions in private contracts:

“Retailers are disappointed in the political overreach that is taking place on arbitration. The use of pre-dispute arbitration clauses has proven benefits and often results in employees recovering more money in a significantly shorter time frame than in litigation. It’s unfortunate that these benefits are being ignored in a political push to eliminate the practice of arbitration all together.

“The only players the FAIR Act will actually benefit are the class action trial lawyers who will directly benefit from increased litigation. Leading retailers urge House members to reject this misguided legislation and vote NO on H.R. 963.”

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RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.
 

Tags
  • Public Policy
  • Legal Affairs & Compliance

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