InterDigital Inc (IDCC)

[olddog967]

SAB: Each arbitration association has their own rules. Since you mentioned FINRA, below are the applicable FINRA rules:

In regard to "1) Is there a "30 day rule" of the arbitrator coming out with his/her ruling after the case is completed". While there is a 30 day rule, it is a goal rather than a requirement:


"12904. Awards

(d) The panel shall endeavor to render an award within 30 business days from the date the record is closed."


In regard to "2) Does FINRA's rule of 30 days apply to listed companies?", the FINRA rules apply to disputes with FINRA members, not "listed" companies.


"12101. Applicability of Code and Incorporation by Reference
(a) Applicability of Code
The Code applies to any dispute between a customer and a member or associated person of a member that is submitted to arbitration under Rule 12200 or 12201."


A "Member" is defined as:

The term "member" means any individual, partnership, corporation or other legal entity admitted to membership in FINRA under the provisions of Articles III and IV of the FINRA By-Laws.