A Los Angeles Superior Court judge last month affirmed an arbitration award in a wrongful termination suit of more than $4.1 billion, sending shock waves through the labor and employment bar. Alston & Bird partner Michael D. Young spoke to The National Law Journal about the lessons to be learned from the outcome in this case regarding arbitration agreements and the arbitration process. He also broke down the award to explain how the arbitrator came up with such an astronomically high number.
Read Anatomy of an Arbitration Disaster at Law.com.
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Well, corporate America made the big push for binding arbitration. After this verdict, one wonders if this might change their thinking.