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The International Institute for Conflict Prevention and Resolution (CPR) officially launched its inaugural set of administered arbitration rules at a reception held on May 13,2013, at the New York office of Simpson Thacher & Bartlett L.L.C.
The Second U.S. Circuit Court of Appeals held a class arbitration waiver in a law student loan contract was unconscionable under California law, and invalidated the arbitration agreement.
But in light of an April U.S. Supreme Court decision, the panel noted that it could not authorize the plaintiff, a practicing attorney who filed suit over misallocation of his student loan payments, to proceed with a class arbitration.