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Quotation from Shearson/American Express Inc. v. McMahon by Supreme Court of the United States
“Thus, the mistrust of arbitration that formed the basis for the Wilko opinion in 1953 is difficult to square with the assessment of arbitration that has prevailed since that time.”
Shearson/American Express Inc. v. McMahon, Opinion of the Court (Justice O'Connor), Part III (U.S. Reports text (Legal Information Institute))
Justice O'Connor explains why Wilko's reasoning no longer controls Exchange Act claims.
Citation: "Thus, the mistrust of arbitration that formed the basis for the Wilko opinion in 1953 is difficult to square with the assessment of arbitration that has prevailed since that time." — Supreme Court of the United States, Shearson/American Express Inc. v. McMahon, Opinion of the Court (Justice O'Connor), Part III (U.S. Reports text (Legal Information Institute)). (id shearson-american-express-v-mcmahon-q2)
Portrait: Sandra Day O'Connor crop, Library of Congress (Transferred by Sven Manguard,, Public domain.
