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Student borrower not bound by arbitration clause (access required)

By: Pat Murphy
Published: July 13, 2010

Tags: , , ,

A borrower seeking class-wide relief was not required to arbitrate a lawsuit alleging that his lender charged excessive interest rates for student loans, the 2nd Circuit has ruled. The decision affirms a U.S. District Court ruling. (See "Student lender can't enforce arbitration clause," Lawyers USA, April 2, 2009.) The plaintiff is a lawyer. He filed a class ...
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