posted on July 15, 2001 12:24:31 AM
From their email to me...
ADDITION OF BINDING ARBITRATION CLAUSE
One of the amendments to your c2it Terms and Conditions is the
addition of a provision specifying that either you or we can require
that any controversy or dispute be resolved by binding arbitration.
Arbitration replaces the right to go to court, including the right to
a jury and the right to participate in a class action or similar
proceeding. Please read that provision of your c2it Terms and
Conditions carefully.
posted on July 15, 2001 10:09:44 PM
All kinds of companies are doing this. This is so people/lawyers don't try to cook up one of those bogus class action suits. you know, the ones where some dumbut didn't read the fine print and decided that was the bank's fault, and to avoid litigation costs the bank settles for a few million, and every person in the class gets a check for $1.72 or something like that ....
