Bound & Gagged
How will the battle over mandatory binding arbitration affect you?
You're taking legal action against a large company. But instead of a jury trial, you're facing an arbitrator.
It's a growing trend, as credit card companies, banks, auto manufacturers and other big businesses inform customers in fine print that any claim, dispute or controversy will be settled in arbitration, where there's no jury and no right to appeal. The result: Just 3 percent of U.S. civil cases now make it to trial. "A trial is very expensive," says Judge William Huss, a mediator and arbitrator in Los Angeles and author of Start Your Own Law Practice. Arbitration, he contends, "is fast, fair and final."
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!