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: CL&P BlogWhat Happened to the Arbitration Clauses in the Subprime Litigation?
By Jeff Sovern
Last week, Alan blogged here about the Navigant Consulting Report on suits by consumers, among others, against subprime lenders. The Times covered the report today in an article here. I'm wondering how borrowers have been able to file these suits. Did the loan agreements not include arbitration clauses? If they did, how have the borrowers managed to get around them? Or is it just that the lenders haven't yet moved to dismiss on the ground that the matter should be heard by an arbitrator? Anyone know?
Full post as published by CL&P Blog on March 16, 2008 (boomark / email).
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