Mass arbitration is a rising trend that’s stirring unease among major corporations and law firms. It’s not difficult to see why. Hypothetically, picture reaching your workstation to discover up to 20,000+ individual arbitration demands. The charges appear to be carbon copies with negligible merits. But the catch? You will have to fork out nearly $60 million in arbitration fees just to be given the opportunity to present your argument, regardless of the nature of the claims. This is the disturbing reality businesses across various sectors are confronted with.
This scenario is the main topic of an upcoming webinar, titled “No Class, Just a Massive Headache: Mass Arbitrations,” organized by Sheppard Mullin Richter & Hampton LLP. The event is scheduled to take place on August 29th, from 10:00 am to 11:00 am PT.
Mass arbitration is increasingly being utilized by the plaintiffs’ bar, with data-driven operations and social media campaigns being used to sign up tens of thousands of claimants at a time. Such prolific recruitment tactics have made for a complex and costly challenge for businesses.
Legal professionals eager to learn more about mass arbitration and how it impacts corporations are encouraged to attend the webinar. It’s clear that this growing tactic is one that will require complex and thorough understanding from those expected to navigate it.