Judge Rules Sprint Early Termination Fees Illegal
Antiglobalism writes to tell us that an Alameda County Judge has ruled against Sprint Nextel in a class-action lawsuit, awarding customers $18.2 million in restitution for early termination fees. "Though the decision could be appealed, it's the first in the country to declare the fees illegal in a state and could affect other similar lawsuits, with broad implications for the nation's fast-growing legions of cell phone users. The judge - who is overseeing several other suits against telecommunications companies that involve similar fees - also told the company to stop trying to collect $54.7 million from other customers who haven't yet paid the charges they were assessed. The suit said about 2 million Californians were assessed the fee."
The insane jumps in "fair market" valuation and the reasons for them are to blame. Manipulation of markets, flipping the properties, shopping for appraisals and far more nefarious dealings set the bar lower for ethics in yet another field in America. People everywhere were making money off real estate and most of them were idiots. Welcome to America, where as long as a gaggle of lawyers can successfully defend injustice or impeach justice in a court of law that lawyers (senators, judges and supreme court justices) create and abuse no one can touch you. Retroactive immunity should be prohibited under the constitution and approved by the people not by more fucking lawyers because I honestly believe that more heads should be rolling than just Countrywide and the isolated local condo scandal.
Welcome Real Estate Agents your place in hell is reserved between RIAA/MPAA lawyers and the most monstrous bratty children of the oligarchy. Enjoy being raped by the billionaire spawn you helped create you bastards.
An Education is the Font of All Liberty