U.S. Supreme Court hands down class arbitration opinion today: American Express Co. v. Italian Colors Restaurant

This morning, the U.S. Supreme Court handed down its opinion in American Express Co. v. Italian Colors Restaurant, ___ U.S. ___ (Jun. 20, 2013).  I will have more on the opinion in a later post. 

According to the summary at SCOTUSblog, the Court held 5-3 that the arbitration clause was enforceable even though an arbitration proceeding would provide no effective means to vindicate the plaintiffs' statutory rights under the federal antitrust laws.