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Category: Finance

Federal Arbitration Act Preempts Conflicting California Law Exempting from Arbitration Claims for Public Injunctive Relief

On November 1, 2013 by Schnader in Finance

By Melissa Lor Consistent with the preemption principle of the U.S. Constitution’s Supremacy Clause, the Ninth Circuit recently held that the Federal Arbitration Act preempts California’s so-called Broughton-Cruz rule, which exempts claims for “public injunctive relief” from arbitration. In Ferguson v. Corinthian Colleges, former students of for-profit schools owned by Corinthian […]

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Schnader and Yang & Co. Formalize Representation Arrangement for Indonesia Related Legal Matters

On October 22, 2013 by Schnader in Corporate

PHILADELPHIA and JAKARTA – Schnader Harrison Segal & Lewis LLP and Indonesia-based law firm Yang & Co are pleased to announce that they have formally established an association agreement to provide representation to Indonesian companies and individuals requiring legal counsel in the United States, and to U.S. companies and individuals […]

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More on the Filed Rate Doctrine and Force-Placed Insurance

On October 18, 2013 by Schnader in Finance

By Stephen A. Fogdall and Monica C. Platt Last week, we reported on a decision out of the Southern District of New York holding that the filed rate doctrine does not apply to force-placed insurance rates because they are “secondarily billed” to the borrower. We plan to monitor this issue closely to see […]

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Seventh Circuit confirms that the FCRA preempts state common law claims

On October 17, 2013 by Schnader in Finance

By Stephen J. Shapiro The Fair Credit Reporting Act (FCRA) imposes responsibilities on those who “furnish information to consumer reporting agencies.” Where entities that furnish information violate those responsibilities, the FCRA provides consumers with legal remedies, but prohibits them from pursuing state law claims relating to the violations. In a recent […]

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