| Volume 114 Number 8 |
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The People’s Lawyer’s Tip of the Day
Chances are you've worked hard for your money. Before you give that money to someone to invest for you, make sure that they are registered or licensed by the appropriate state and federal agencies. Click here for more.
Netflix Announces
In one of the most generous parental leave policies made public by a U.S. company, Netflix announced that new parents will be allowed up to a year of paid maternity/parental leave. The U.S. workplace lags behind other developed countries in only offering an average of 30 days of paid leave for new parents, and while Netflix’s new policy is the most generous, it joins tech companies such as Microsoft, Facebook, and Google in offering paid parental and maternity leave far in excess of the U.S. average.
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Your Money
The smartest thing a young worker joining the workforce can do is devote 10% of their new salary to retirement savings by payroll deductions before they get used to using up their whole paycheck. The sad fact is that most of us didn't do that, and now we're behind in our savings. It's not too late, and the following link has tips on how to catch up. Click here for more.
For the Lawyers
California Supreme Court upholds class action waiver in arbitration clause. The California Supreme Court rejected arguments that a class-action ban in an arbitration clause, together with a few other provisions that were unfavorable to a consumer, rendered the arbitration clause unconscionable. The opinion emphasized that an arbitration clause, like any other contract, may be challenged on unconscionability grounds, and that the unconscionability standard must be "the same for arbitration and nonarbitration agreements." The Court recognized that under Concepcion a class action waiver cannot itself be held unconscionable. The other provisions at issue in the clause, however, did not render it so unfair as to be unconscionable. Sanchez v. Valencia Holding Co., LLC, __ P.3d __, 2015 WL 4605381 (Aug. 3, 2015). Click here for more.