National Consumer Law Center: Forced Arbitration - Consumers Need Permanent Relief, April 2010. Deals valued in the tens of millions of dollars barely make ripples on Wall Street. However, one recent transaction, while relatively small by Wall Street standards, laid bare the miscarriages of justice that result from mandatory arbitration requirements buried in millions of consumer contracts. Learn more.
Legal Abandon: How Limiting Lawsuits Led to the Financial Collapse & What to do About It, Center for Justice & Democracy, Feb 2010. Private civil lawsuits are as important as strong regulation and enforcement to properly manage any national capital market. Greatly compounding recent trends toward deregulation and lax regulatory enforcement has been the weakening of investors’ and borrowers’ private legal rights of action. Summary or Full Report