Class action suits are the worker’s union of legal battles, that is, they allow a number of individuals with limited resources to go up against massive corporations with bottomless warchests and armies of lawyers. Because corporations hate the very idea of real people bringing them to the negotiating table, they’ve been changing user agreements, EULAs, and contracts to force the user to give up their rights to a class action suit against the company. The alternative suggested by these companies is binding arbitration, a process controlled entirely by the company itself. Now, Valve joins the ranks of companies who want to steal your rights in favor of corporate money and interest as they’ve updated their Steam User agreement to remove the class action option. Steam has the story.
Never forget that Valve is a major gaming company, and Steam is a DRM scheme. Valve might be nice people, so far as that goes, but they’re still a big-money corporation, and they will side with money over customers given the choice.