Previously, securities fraud disputes, even those in which the parties had signed agreements favoring arbitration, had been accepted by the courts.
Companies are increasingly favoring arbitration or mediated dispute resolution over litigation.
While management generally favors arbitration, the dock workers would be fearful that they would get less from arbitration than from economic pressure.
He exhorted American courts "to subordinate domestic notions of arbitrability to the international policy favoring commercial arbitration" when faced with similar cases in the future.
The federal policy favoring arbitration cannot sustain the weight that the Court assigns to it.
The new organization favored arbitration over strikes and called for the creation of a national labor party as an alternative to the two existing parties.
The Knights favored arbitration over strikes whenever employers and employees could find common ground.
The securities industry has long favored arbitration, which uses rules written by the industry.
"The so-called policy favoring arbitration appears to be one created by the judiciary out of whole cloth," Moses observed.
Airlines favoring such arbitration maintain that the true figure is much higher: about 160 strikes in the last 50 years.