ETF class action suits allowed to proceed

by Joe P on October 9, 2008

It is said that we have a strongly pro-business Supreme Court, though you wouldn’t know it by one of the first actions of their new session. They’ve declined to review a ruling which stated class action suits could continue against T-Mobile despite a mandatory binding arbitration clause in the carrier’s contract. They also allowed a 48-state class action suit against Sprint Nextel to move forward. RCR’s Jeffrey Silve calls this a setback for the wireless industry, but it is definitely a step forward for consumer protections.

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