Done correctly, an arbitration agreement could save employers time and money. Did you know a single disgruntled employee can bring a class action on behalf of all similarly- situated employees for unpaid overtime and unpaid benefits? Depending upon the size of the class and the claims involved, class action suits can pose a serious threat to your business.
For several years, the employment lawyers at Rogge Dunn Group have advised our clients on arbitration agreements. Indeed, a properly worded arbitration agreement could preclude such class action claims.
On May 21, 2018, the United States Supreme Court validated our advice. They held that arbitration agreements requiring each employee to arbitrate disputes individually are enforceable. Furthermore, agreements which do not permit arbitration of class claims are also enforceable.
Whether such an arbitration agreement is right for your business (and the scope of any such agreement) deserves careful consideration.
At Rogge Dunn Group, PC, we can help you evaluate whether an arbitration agreement makes sense for your business. Moreover, if it does, we can assist you in drafting and implementing your agreement to most effectively protect your company and its assets.