McInnes v. LPL Fin., LLC is a case where the court decided an arbitration clause is enforceable, even given potentially fraudulent circumstances. It took some persistence of LPL to prove recent Supreme Court cases pertaining to arbitration clauses were relevant and that Federal law prevailed. Is the arbitration clause found in many service agreements and required to be agreed to in order to purchase the product or service a method of discouraging consumers from making claims? Individual arbitration is costly and unlikely to result in a positive outcome for the consumer.
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