Valve previously sued a law firm in attempt to stop mass arbitration claims.

Valve previously sued a law firm in attempt to stop mass arbitration claims.

  • czech@lemm.eeEnglish
    10·
    2 months ago

    A law firm was trying to extort Valve with 75k arbitration claims which would cost $3k per claim ($225mm total). As an alternative they offered to settle for $2.9k per claimant.

    In the 5 years since the binding arbitration was introduced valve has had only 3 arbitration cases and won all three.

    Summarized from the article.

    • Psychodelic@lemmy.worldEnglish
      3·
      2 months ago

      Thanks for sharing that info - I was just going off the recent headlines

      To your second point, don’t companies normally win arbitration cases? I thought that was the whole point of it all - to make it easier for a company to win lawsuits

      • czech@lemm.eeEnglish
        4·
        2 months ago

        Yea, it looks like the win rate for consumers in arbitration is less than 1%. I’m not sure what consumers win rate is in court but it must be better than that.