Submitting a dispute to acorporation’s audit committee constitutes a waiver of arbitration rightsunder an employment contract, a Southern District Judge has ruled.

Judge Jed S. Rakoff foundthat former Cendant Corporation CEO Walter A. Forbes is not entitled toarbitrate the audit committee’s finding that he overbilled his expenseaccount by more than $2 million in Cendant Corporation v. Forbes, 99Civ. 4869.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]