The American Arbitration Association (AAA) handles a great number of financial disputes. At a recent seminar, AAA shared some data:
- the AAA case load has risen rather sharply, a 19% rise in claimsin 2022 as compared to the prior year;
- The primary claim types driving that increase are: lender debtor, banking services, partnerships;
- 90% of cases are decided in favor of one side or the other--in general they do not see claims resolved on a "split the baby" basis;
- the usual time frame from filing to award is 6-9 months, of course there are outliers;
- 65% of cases settle;
- case decisions are generally non-public, with exception of employment, labor, and some international case types (searchable in Westlaw);
- arbitration awards are not disclosed to securities regulators; and
- the AAA does not track win/loss ratio with particular arbitrators.
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