Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform at the U.S. Chamber of Commerce, during an event held at the Chamber titled “CFPB’s Anti-Arbitration Rule: Analysis & Implications,” on July 19, 2017. Photo: Diego M. Radzinschi/ALM
Corporations and their general counsel can brace for a flood of class action lawsuits if Congress passes legislation introduced Thursday aimed at eliminating forced arbitration, according to Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform.
Rickard issued a statement Thursday after two Democratic members of Congress introduced measures in the House and Senate to end forced arbitration clauses in company contracts and employee handbooks. The legislation is called the Forced Arbitration Injustice Repeal Act or the FAIR Act; Rickard called it a “forced litigation” act.
