Category Archives: General

Alabama Supreme Court Holds FAA Vacatur Provisions Do Not Preempt State Vacatur Grounds

Last week the Alabama Supreme Court, in Raymond James Fin. Servs., Inc. v. Honea, 2010 WL 2471019 (Ala. June 18, 2010), held that section 10 of the Federal Arbitration Act, which prescribes the exclusive grounds for vacating arbitration awards under federal law, does not preempt vacatur grounds under state law.   In that case, a securities brokerage firm’s customer agreement contained … Continue reading Alabama Supreme Court Holds FAA Vacatur Provisions Do Not Preempt State Vacatur Grounds

End of Arbitration in Financial Services Contracts?

Today House and Senate negotiators reached agreement on legislation that redefines federal oversight of the financial services industry. The agreement may have a major effect on arbitration in the financial services industry. Overlawyered reports, “Tucked away in the Obama administration’s proposals for revamping regulation of financial services is a provision that would apparently allow federal … Continue reading End of Arbitration in Financial Services Contracts?

Robinson on Judicial Settlement Conferences

Pepperdine’s Peter Robinson has published an article titled Settlement Conference Judge – Legal Lion or Problem Solving Lamb: An Empirical Documentation of Judicial Settlement Conference Practices and Techniques in which he reports on an empirical study he conducted of judges in California to assess their methodologies in settlement conferencing. As he acknowledges, the results cannot … Continue reading Robinson on Judicial Settlement Conferences

FJC Report on Litigation Costs and Impact of Arbitration

The Federal Judicial Center has released a whitepaper entitled In Their Words: Attorney Views About Costs and Procedures in Federal Civil Litigation, that reports on interviews with 35 attorneys exploring the costs of federal civil litigation. The report contains many predictable conclusions (costs increase with higher stakes; IP litigation is really expensive) as well as … Continue reading FJC Report on Litigation Costs and Impact of Arbitration