Tenth Circuit Affirms Dismissal of Fair Credit Billing Act Complaint
A Colorado man filed suit against American Express under the Fair Credit Billing Act for a refund of $379,153.72 he paid for merchandise he didn't receive when the seller went into bankruptcy; the Tenth Circuit affirmed the dismissal of the complaint because he had paid his account in full and had no "credit outstanding" pursuant to the statute. His only remedy, the court ruled, was in bankruptcy court.
Shook Obtains Arbitration Win and Attorney's Fees for Trading Firm
Representing a trading firm in a two-day hearing before the Chicago Mercantile Exchange (CME) Group's Arbitration Committee, Shook attorneys defeated claims brought by a former member of the trading firm.