Out of Stok: SCOTUS Dismisses Pending Case on the Federal Arbitration Act

We covered earlier the Supreme Court’s grant of certiorari in Stok & Associates v. Citibank (No. 10-514). The case was scheduled to be argued next Term and presented the question:

Under the Federal Arbitration Act (“FAA”), should a party be required to demonstrate prejudice after the opposing party waived its contractual right to arbitrate by participating in litigation, in order for such waiver to be binding and irrevocable?

The Court dismissed the petition last week, apparently because the parties have settled. For more coverage, see SCOTUSblog.

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