Class Action Killer: Time to Beef Up Your Arbitration Agreement
Thanks to this recent decision of the U.S. Supreme Court, consumer-oriented businesses may now be able to avoid most, if not all of certain types of class action lawsuits with nothing more than a simple arbitration agreement.
The bottom line for businesses is that its time to dust off your standard contracts and review the arbitration provisions to make sure they seek the maximum benefit from this new law.
For consumers, and class action plaintiffs lawyers, this case, AT&T Mobility LLC v. Concepcion is a big blow from a court divided (5-4) along partisan lines.
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