Personal Injury Law

JPMorgan Chase & Co. removes forced arbitration clauses

JPMorgan Chase & Co., the largest credit card lender, will remove clauses from its contracts that force consumers into arbitration. The attorneys at Levin & Perconti were very pleased when we learned about this JP Morgan Chase decision. The American Association for Justice issued a statement explaining that this decision is a large win for consumers, who previously had no recourse because of rigged forced arbitration proceedings. Forced arbitration is when you are forced to settle a dispute outside of court, AAJ adds that unfortunately other lenders and corporations still insist on forcing their employees or customers into one-sided arbitrations to escape accountability.

Full post as published by Illinois Injury Lawyer Blog on November 24, 2009 (boomark / email).