Banks Ask Judge To Scrap ATM Fee Antitrust Suit

Law360, New York (November 16, 2009, 6:39 PM EST) -- Asserting that the plaintiffs have failed to allege monopolistic practices despite ample discovery time, banks and credit unions in First Data Corp.’s Star electronic payment network have asked a judge to snuff out a long-standing proposed class action accusing the companies of fixing ATM service charges.

Defendants including Citibank NA, SunTrust Banks Inc., Wells Fargo Bank NA and Servus Financial Corp. filed a motion to dismiss the plaintiffs’ third amended complaint with prejudice on Friday in the U.S. District Court for the Northern District of California....
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