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AmEx Fails To Move Class Action To Arbitration

Law360 (September 25, 2006, 12:00 AM EDT) -- A federal judge has rejected a renewed effort by American Express Company to have a class action antitrust suit against the credit card giant resolved through arbitration.

The decision marks the latest development in a wide-ranging legal battle over American Express’ alleged conspiracy to fix currency conversion fees and cut down on its liability by including mandatory arbitration clauses in credit card agreements.

The defendants—American Express Company, American Express Centurion, and American Express Travel Related Services—had submitted a motion asking U.S. District Judge William H. Pauley...
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