Buzz Archive:
A Follow Up on Compulsory Arbitration of Securities Actions: European Activity

by Joseph W. Bartlett, Founder of VC Experts.com, 8/28/2007

On Monday, April 16^th, Kara Scannell of The Wall Street Journal reported that the SEC was exploring the relaxation of its long standing policy against charter provisions compelling arbitration securities litigation. There has been nothing official from the SEC, other than the conversation with Scannell. But, the article is a straw in the wind.

Ironically, as the U.S. is leading towards what many believe is a more balanced and productive landscape by authorizing compulsory arbitration, the European Union is considering opening its legal systems up to the U.S. based class action litigators ... Bernstein Litowitz, Milberg Weiss ... etc.