Long-Running AmEx, Citi Collusion Suit Nears Finish Line

Law360, New York (May 6, 2013, 11:29 PM EDT) -- American Express Co., Citigroup Inc. and Discover Financial Services plotted to change their customer agreements to stop consumer class actions against them, a plaintiff’s lawyer said Monday, wrapping up their case in the lengthy antitrust trial against the credit card giants in New York federal court.

Representatives from AmEx, Citigroup and Discover met more than two dozen times to formulate a plan to change their customer agreements to bar class actions and force arbitration, lawyer Merrill G. Davidoff of Berger & Montague PC told U.S. District...
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