- Press Release
MAY 4, 2010
NAM MODIFIES CLASS ACTION ARBITRATION POLICY
As of May 4, 2010 NAM will administer class action Arbitrations if the underlying Arbitration agreement allows for the submission of class actions to Arbitration. If the Arbitration agreement is silent with respect to class actions, consolidation or joinder of claims, NAM will NOT administrate the case as such, unless the parties agree to same and authorize NAM, in writing, to do so.
NAM will not administer a class action Arbitration if prohibited by: (1) the underlying Arbitration agreement, (2) court order or (3) applicable law, unless a court orders the matter to Arbitration as a class action.
This amendment will affect Rules 25(C) of NAM's Comprehensive Rules and Procedures and 11(f) (iii) of NAM's Employment Rules and Procedures respectively.
Headquartered in Garden City, New York, National Arbitration and Mediation, Inc. (NAM) is one of the nation's leading dispute resolution institutions, offering cost-effective alternatives to expensive and often time-consuming litigation. Founded in 1992, NAM has a nationwide panel of nearly 2,000 top-tier former judges and practicing specialists uniquely qualified to resolve legal matters in a private forum.
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