Arbitration

Federal Judge Upholds Arbitration Decision in Fee Dispute Among Former Business Partners

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Philadelphia, PA — In a recent ruling, a federal judge in Pennsylvania upheld an arbitration panel’s decision regarding the division of fees from two cases among three former principal owners of a now-dissolved company. The dispute centered around the allocation of earnings derived from legal victories prior to the dissolution of their business partnership. The complexities of the case drew noticeable attention due to the significant amounts involved and the high-profile nature of the individuals affected. The arbitration process itself was initiated after disagreements emerged following the dissolution, pointing to a lack of a clear … Read more

Aetna Sues Radiology Firm Over Alleged Price Gouging and Abuse of Federal Arbitration Process

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Aetna, a subsidiary of CVS Health, is taking legal action against Radiology Partners, one of the largest radiology practice networks in the U.S., over allegations of inflating prices and manipulating a new federal billing arbitration process. The conflict underscores deep-rooted issues in the U.S. health care system’s billing practices, exaggerated by the recent implementation of the No Surprises Act. The No Surprises Act, introduced in 2022, aimed to protect patients from unexpected medical bills by streamlining the settlement of charges for out-of-network services. However, the reality has unveiled a contentious arena where health providers and … Read more

From Disney to Uber: How Hidden Arbitration Clauses in Terms of Use Dictate Consumer Rights

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In the corporate world, arbitration clauses have become a regular fixture in service agreements, a move that often shifts legal resolution from public courts to private arbitration. The widespread incorporation of such clauses into terms of use agreements by large companies such as Disney and Uber reflects a strategic push to limit public litigation, potentially impacting consumer rights. Arbitration clauses dictate that any dispute must be resolved by a neutral third party rather than through a lawsuit, which can prevent cases from becoming public, attracting media attention, or turning into costly class action suits. While … Read more

Self-Represented Broker Loses $122,000 in Arbitration Claim Battle

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A broker who decided to represent himself in a legal battle over securities arbitration has lost his claim for $122,000. The case, which was reviewed and decided by a Financial Industry Regulatory Authority (FINRA) arbitration panel, adds to a series of outcomes where non-professional representation yields less favorable results. The claimant, Philip Richardson, a licensed broker himself, lodged a complaint alleging that his former employer, a brokerage firm named XYZ Capital (a fictionalized name used herein), mishandled his investment portfolio which led to significant losses. Richardson sought to recover $122,000 in damages. According to details … Read more