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A comment on Why can a scam company raise $40 Million Series C + $76 Million Series B?. Parent comment

Re:Why can a scam company raise $40 Million Series C + $76 M... by CamperBob2 on Friday September 27, 2013 @07:42PM (#6460235)
Unfortunately, thanks to a recent SCOTUS decision, it probably will.
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Re:Why can a scam company raise $40 Million Series C + $76 M... by personalcompute on Sunday September 29, 2013 @07:34PM (#6467013)
Which case was this?
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Re:Why can a scam company raise $40 Million Series C + $76 M... by CamperBob2 on Monday September 30, 2013 @05:58PM (#6472676)
AT&T Mobility LLC v. Concepcion, among other recent rulings.

http://arstechnica.com/tech-policy/2011/04/scotus-rules-att-...

http://blogs.reuters.com/alison-frankel/2013/08/22/how-scotu...

This is why they can require you to waive your rights to participate in a class action. If you look at the ToS for every company you do business with, you'll probably find that several of them were revised almost immediately to take advantage of the AT&T decision. (PayPal comes to mind.)

IANAL but my understanding is that class action lawsuits are basically done at this point.

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