Tuesday
Mar012011
Defrauded Investors Go to Arbitration
Morgan Keegan settles some cases through arbitration
The Tennessean
February 20, 2011
Morgan Keegan has paid out $24.7 million in awards to defrauded investors not including the confidential settlement agreements of more than 100 other arbitration claims. Despite the relative success of arbitration, Morgan Keegan still faces claims in federal court and before administrative law judges.
On the one hand, the confidential nature of arbitration allows parties to resolve disputes while staying outside the pubic-eye. On the other hand, what is to keep companies accountable for their actions?
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