Tom Hanks & Arbitration

Perhaps it is not a surprise that Tom Hanks (and his wife, Rita Wilson) is involved in arbitration regarding a construction defect dispute. 

Hanks, by reputation and brand, is a nice guy.  Though he’s not known for being a hard-nosed bully, he also does not have a reputation for being spineless, either.   So, his use – by choice or contract – to engage in arbitration just becomes him.

Both the affluent and those in the public eye have increasingly resorted to alternative dispute resolution options, such as arbitration and mediation.  The reason?  Maybe confidentiality.  Maybe the convenience of not having to work around a judge’s or court’s calendar.  Maybe the potential for lower costs.

Maybe all of these reasons…Hanks certainly didn’t get to where he is for lack of smarts.

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