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- W2121764192 abstract "When a defendant sets up a private voluntary compensation scheme or includes an arbitration clause in its form contracts, the resulting alternative dispute resolution (ADR) system bears striking resemblance to the typical endpoint of class action litigation — a settlement setting up an administrative claims resolution scheme as an alternative to litigation on a mass basis. This article addresses the question of when the existence of one of these ADR systems — offering a shortcut to the same endpoint — should block future class action litigation. It examines important differences in timing, bargaining dynamics, and agency costs in these three contexts. And it argues that a court asked to certify a class in the face of an existing private resolution scheme should undertake a functional and essentially comparative inquiry, considering not only the potential savings in transaction and agency costs, but also the underlying bargaining dynamics that may make these ADR shortcuts more vulnerable to unilateral manipulation by defendants than class action settlements." @default.
- W2121764192 created "2016-06-24" @default.
- W2121764192 creator A5072017539 @default.
- W2121764192 date "2014-04-17" @default.
- W2121764192 modified "2023-09-25" @default.
- W2121764192 title "Settlement, ADR, and Class Action Superiority" @default.
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- W2121764192 hasPublicationYear "2014" @default.
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