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ABA Section of Litigation Annual Conference, April 29 – May 1, 2009: Arbitrating Securities Class Actions 1 FINRA Securities Class Action Arbitrations: An Idea Whose Time Has Not Yet Come --and Likely Never Will J. Boyd Page Page Perry, LLC Atlanta Linda S. Pacer Page Perry, LLC Atlanta INTRODUCTION Ever since the Supreme Court ruled that class action arbitration was legally viable under the Federal Arbitration Act (“FAA”) in 2003, there has been a surge in class-wide arbitrations at leading...

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