Antitrust Claims Against Citigroup, Discover Stay Alive

Law360, New York (February 8, 2012, 10:21 PM EST) -- A New York federal judge on Wednesday refused to dismiss claims against Discover Bank and Citigroup Inc. in the multidistrict litigation claiming credit card issuers conspired to insert anti-competitive arbitration clauses in their customer agreements.

In awarding summary judgment to the plaintiffs, U.S. District Judge Willam H. Pauley rejected the credit companies’ argument that certain evidence relating to a settlement in a similar MDL should not be permitted.

They had argued that the release in the settlement of In re: Currency Conversion Fee Antitrust Litigation limited the evidence on which...
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