| Volume 141 Number 56 |
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The People’s Lawyer’s Tip of the Day
How do you avoid a flood-damaged car? In the wake of the recent hurricanes and floods, used car buyers should use caution: Storm-damaged vehicles are sometimes cleaned up and taken out of state for sale. You might not know a vehicle is damaged until you take a closer look or have a mechanic check it out. Click here for more.
Model Year 2019 Jeep Cherokees Recalled
Chrysler (FCA US LLC) is recalling 86,053 model year 2019 Jeep Cherokees with 2.4L engines. Improper transmission calibration may result in a stall, which can increase the risk of crash.
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Your Money
The government reports that the economy added 250,000 jobs in October, and workers took home more money in their paychecks. The October employment report shows all sectors of the economy reported healthy job gains and none of them reduced employment. The unemployment rate remained steady at 3.7 percent. Click here for more.
For the Lawyers
Court denies arbitration under “effective vindication” exception to the Federal Arbitration Act. The U.S. District Court for the Western District of Washington denied a motion to compel arbitration. Per the terms of the loan agreements, the borrowers consented to binding arbitration for any disputes and agreed per the choice-of-law provision that tribal law applied, effectively waiving any protections they might have enjoyed under federal and state law. According to the court, the arbitration clause operated as a prospective waiver of most federal statutory remedies. The court found that while the FAA gives parties the freedom to structure arbitration agreements as they choose, that freedom does not extend to a substantive waiver of federally protected statutory rights. TERESA TITUS v. ZESTFINANCE, INC., BLUECHIP FINANCIAL Click here for more.