AmEx Wins Arbitration, Dismissal For Anti-Steering Suit

Law360 (January 15, 2020, 7:12 PM EST) -- Retailers still accusing American Express of violating antitrust law will have to pursue their allegations in arbitration, if at all, after a New York federal judge said Wednesday that merchants with card acceptance agreements are bound by an arbitration agreement while those without them have no case at all.

U.S. District Judge Nicholas G. Garaufis' ruling against the proposed classes appears to put the final nail in the multidistrict litigation, which traces as far back as 2008, that major retailers such as CVS Pharmacy Inc. and Rite Aid Corp. settled out of in April without disclosing terms.

The April deal followed...

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