A recent hearing may cause waves in the sports world, and it all comes down to where a player is standing when he takes the field. Jimmy Graham, whose position is listed at Tight End, is one of the best players in the National Football League. A perennial Pro-Bowl starter for the New Orleans Saints, the 6’7″ athletic freak continues to strike fear in the hearts of opposing teams. Under league rules, the Saints have enabled a “franchise tag”, which is a cap-room move designed to essentially pay a player a little less than he’s worth on a 1-year deal, which avoids offering a long-term big money contract. However, Graham recently filed a grievance against the league that has gone to arbitration. Read moreGoogle+
An article in the New York Times caught my attention today. It’s about the fallout from the 2011 Supreme Court decision in AT&T v. Concepcion, which stated that corporations can write clauses into contracts to prevent class action lawsuits. To do this, the clauses require customers to settle disputes through arbitration (instead of in an actual court of law) and to relinquish their right to litigate as a class. In effect, the contracts waive the customers’ right to due process. Since that decision, the legal world has changed. For the better or for worse?
Keep reading the full post to see what’s up with these clauses and to learn a tip on how to get around them.Google+