SCOTUS blocks massive Wal-Mart lawsuit

Slimy ambulance-chasing class action lawyers hardest hit:

The Supreme Court put the brakes on a massive job discrimination lawsuit against mega-retailer Wal-Mart Stores, Inc., saying sweeping class-action status that could potentially involve hundreds of thousands of current and former female workers was simply too large.

The ruling Monday was a big victory for the nation’s largest private employer, and the business community at large.

What this means:

This is good news for anyone concerned about our already-suffering economy, since a decision to allow this case to continue would have fundamentally changed the definition of what constitutes a class for litigation purposes and opened the flood gates for other class-action suits, which distract businesses from their missions and drain resources away from productive uses, such as hiring workers.