Sometimes two parties in a dispute want to find a solution that avoids the time, stress and costs of a trial. Businesses often use this form of “alternative dispute resolution” to deal with contractual disputes, but the approach is open to any two or more parties who agree to the terms of the process.
If arbitration is chosen, the parties refer the case to one or more arbitrators who review the evidence and arrive at a decision. Arbitration decisions are legally binding on all parties and enforceable in the courts. Arbitration decisions have limited rights of review and appeal. Mediation, another form of alternative dispute resolution, is generally advisory and nonbinding.
Cauthorn Nohr & Owens attorneys are experienced in all forms of alternative dispute resolution and can guide clients along the appropriate path when dealing with personal or commercial disputes.
- $237,500 ARBITRATION AWARD (Securities): Sale of unsuitable high risk and unsuitable variable annuities to an elderly widow generating substantial “trail” to the broker and brokerage firm (Jason Nohr)
- $135,000 RECOVERY (Securities Fraud): Arbitration action against brokerage firm for elderly female’s loss of life savings through unsuitable investments following cold call solicitation. (Jason Nohr)