The Eastern District of New York recently declined to certify a putative class action filed by merchants against the four major credit card providers alleging antitrust violations. ...more
4/3/2018
/ American Express ,
Anti-Competitive ,
Antitrust Litigation ,
Antitrust Violations ,
Ascertainable Class ,
Banking Sector ,
Class Certification ,
Class Representatives ,
Debit and Credit Card Transactions ,
Financial Services Industry ,
Fraudulent Charges ,
MasterCard ,
Putative Class Actions ,
Visa Inc
On June 20, 2013, the United States Supreme Court issued its decision in American Express Co. v. Italian Colors Restaurant, holding that the Federal Arbitration Act (“FAA”) “does not permit courts to invalidate a contractual...more