December 2013 | Take Justice Back

December 2013

NY Times Pens Editorial on Forced Arbitration

Forced arbitration creates a system rigged against individual consumers and tipped in favor of billion dollar corporations. Hidden in the fine print of many business contracts are clauses that give corporations and unfair advantage over consumers. Those clauses eliminate the rights of consumers to take a case to court when a problem arises and allow corporations to evade accountability.

Congress Must Revoke Corporations’ License to Steal

The U.S. Senate Judiciary Committee held a hearing yesterday on an important issue that affects all Americans.  It is called forced arbitration.

Buried in the fine print of many contracts – from credit card and nursing home contracts to employee handbooks and online user agreements – are dangerous forced arbitration clauses that eliminate access to justice and allow corporations to evade accountability. 

Forced arbitration grants corporations a license to steal and violate the law. 

U.S. Chamber of Commerce’s Memo on Forced Arbitration Intentionally Biased & Factually Inaccurate

When corporations commit widespread fraud and violate state and federal laws, consumers need an avenue to hold them accountable.  Consumers’ ability to join together is often the only way to hold those corporations responsible.  Forced arbitration clauses that ban class actions prohibit consumers from bringing claims, period.  It is too costly for consumers to bring claims on an individual basis in any forum—arbitration or court.  Forced arbitration grants corporations a license to steal and violate the law.    

Don’t Be Duped by ATRA’s “Hellholes” Report

Every year, the American Tort Reform Association (ATRA) releases a new edition of its “Judicial Hellholes” report. As you can see below, this has been widely ridiculed and debunked.

CFPB Hearing to Address Forced Arbitration, Banks’ License to Steal

Forced arbitration clauses are widespread and affect over 80 million credit cardholders in the United States, according to a study by the Consumer Financial Protection Bureau.

The study also found, on average under 300 forced arbitration disputes are filed by credit card, checking account and loan consumers each year.

Key Action Updates on Forced Arbitration

There are two upcoming hearings addressing the deceptive practice called forced arbitration, which eliminates access to the courts replacing it with a secretive tribunal rigged in favor of billion dollar corporations.

AAJ CEO Talks Generic Drugs With Mike Papantonio

American Association for Justice CEO Linda Lipsen was recently a guest on the Ring of Fire Show with Mike Papantonio to discuss generic drug accountability and the proposal by the U.S. Food and Drug Administration to fix this issue.

Nearly 80 percent of all prescriptions in the U.S. are filled with the generic version of a drug.  

“I’m actually guardedly optimistic that the FDA is going to get this right and protect consumers from very harmful and defective and reasonably dangerous generic drugs,” Lipsen said. 

To watch the full interview, which begins at the 18:00 mark, click the video above. If you agree that action needs to take place to stop forced arbitration, join the over 20,000 people who have already urged the FDA to act quickly by signing this petition

Hyundai Shifts Gears on Arbitration Policy

Do you drive a Hyundai and have had some issues with whether or not your service was under warranty?

If so, you and many may have been shocked with the revelation that, in order to challenge those warranty concerns, you’d have to go through arbitration. 

Until now. 

Revoke Banks License to Steal. Stop Forced Arbitration.

Wall Street banks have been granted a license to steal and violate the law.  It’s called forced arbitration.  Buried in the fine print of many bank and credit card contracts are dangerous forced arbitration clauses that eliminate access to justice and replace it with a secretive tribunal rigged in favor of Wall Street.

Hypocrites in the News

You can’t get more hypocritical than Rep. Trent Franks, who votes to limit Americas’ access to court every chance he gets, but has no qualms against using the courts when it is in his political interest. Now, he’s threatening to sue the Obama Administration over the Affordable Care Act and a host of other issues.