US Supreme Court Permits Waivers Of Class Action Rights In Arbitration Agreements
Supreme Court upholds class action waivers in AT&T v. Concepcion.
This is bad law. In effect, the US Supreme Court has created a safe harbor for corporate fraud, it’s sort of like licensing a tax on everything we buy. So long as the amounts stolen are too small to justify an individual case, crooked practices will be profitable.
At some point, corporate greed will demonstrate to all why this decision is wrongheaded. In the meantime, caveat emptor (ie, “buyer beware”), big time.
