FEDARB ESTABLISHES A MASS EMPLOYMENT ARBITRATION FRAMEWORK
Palo Alto, Calif. – FedArb has created a framework for dealing with individual employment claims subject to a common arbitration clause. The framework is ideal for companies using a standard arbitration clause in its employment agreements. It provides individual arbitrations at a fixed price and establishes a panel to deal with issues common to all claims to establish efficiency and consistency.
“FedArb’s procedures are designed to minimize the front-end costs for companies and create a process to resolve these disputes in the most efficient and effective way possible,” said Ken Hagen, FedArb President and CEO.
Under FedArb’s procedures, companies pay a nominal filing fee of $100. A panel of arbitrators (the size will depend on the number of cases involved) will be jointly approved using a forced ranked system. These arbitrators will then be randomly selected by FedArb to handle individual cases on a fixed-price basis. A separate panel of three mutually agreed upon former Article III judges will act as an “MDL type panel” to resolve issues common to all claims, thereby creating uniformity with respect to important issues.
More details about FedArb’s new procedures can be found here.
For more than a decade, FedArb’s panel of more than 50 former Article III federal judges and more than 30 distinguished neutrals have successfully mediated and arbitrated hundreds of complex civil cases, typically achieving results more efficiently and cost effectively than through litigation. FedArb’s high profile federal judges also work with law firms on internal investigations and oversee mock trials. FedArb provides around-the-clock administrative services and honor the parties’ deadlines, saving clients time and money.