May 1 - Arbitration costs are so high, many victims are unable to pursue complaints, new Public Citizen report reveals

Arbitration, although widely billed as a low-cost alternative to court, is actually far more expensive for consumers and employees who seek redress for discrimination, fraud and malpractice, a new Public Citizen report reveals. In fact, arbitration costs are so high that many people drop their complaints because they can’t afford to pursue them, Public Citizen found.

Arbitration is a private legal system in which, practically speaking, no appeals are allowed. Arbitrators tend to favor businesses, and arbitration awards tend to be much lower than jury verdicts, because arbitrators often favor companies that will provide them future business.

To read the entire press release, click here.

To read the executive summary of the report, click here.