Justices Recognize High Stakes Of AmEx Antitrust Case

By Jimmy Hoover (February 26, 2018, 8:11 PM EST) -- The U.S. Supreme Court appeared split on the legality of American Express Co.'s so-called anti-steering contracts for merchants at oral arguments Monday in a case the justices agreed could have major consequences for the antitrust world.

The implications of the American Express case, the U.S. Supreme Court's first major antitrust case in two years, were not lost on the justices Monday. (AP) The battle lines were drawn shortly after arguments began in the case, with Justice Neil Gorsuch suggesting that the antitrust laws were not intended to reach contract provisions that prevent merchants from steering customers to other credit cards, a form of "vertical...

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