Supreme Court Building Attorneys see the scope of the Supreme Court’s ruling in the consolidated cases as narrow, and do not expect it to impact FINRA’s ban on class-action waivers in broker-dealer contracts with investors. (Photo: AP)

In a 5-to-4 decision this week, the Supreme Court of the United States ruled that employers can include class-action waivers in contracts with employees.

The decision resolved three consolidated claims, one of which was National Labor Relations Board v. Murphy Oil USA. In each case, employees who signed arbitration agreements waiving class-action rights sought class relief in federal courts. The employers in the cases argued the contracts were allowable under the Federal Arbitration Act.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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