Chegg tries a new way to avert mass arbitration: cancel users’ contracts [Reuters]
Chegg, Inc. (CHGG)
Last chegg, inc. earnings: 2/10 04:05 pm
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Source: Reuters
Chegg tries a new way to avert mass arbitration: cancel users’ contracts (Reuters) - We’ve seen a lot of, um, creative tactics by companies attempting to avoid mass arbitration by workers and consumers they’ve compelled to surrender their right to sue. There are the now-classic tactics of attacking plaintiffs’ lawyers and refusing to pay arbitration fees, which, as you know, can add up to millions of dollars. Companies have tried to avail themselves of class actions – yes, the very devices their contracts prohibit – to disrupt mass arbitration. One company was accused of attempting to switch arbitration services in the midst of a mass arbitration campaign. Another went to state court to try to halt 1,000 arbitration demands – after winning a decision in federal court to compel different users to arbitrate. The irony of companies trying to evade their own unilaterally-imposed arbitration provisions has not been lost on judges. Most notably, U.S. District Judge William Alsup of San Fran
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CHGG
Earnings
- 4/29/24 - Beat
CHGG
Sec Filings
- 4/29/24 - Form 10-Q
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form 8-K
- CHGG's page on the SEC website