Court Refuses To Dismiss AmEx Appeal

Law360, New York (February 15, 2007, 12:00 AM EST) -- Plaintiffs in a class action antitrust suit against American Express Co. have failed to persuade an appeals court that it lacks jurisdiction due to federal arbitration laws.

Amid a drawn-out battle between plaintiffs and American Express over whether the antitrust suit belongs in court or arbitration, the U.S. Court of Appeals for the Second Circuit ruled Tuesday that for the meantime it has rightful jurisdiction under the Federal Arbitration Act to preside over the matter.

The plaintiffs argued that because the obligation to arbitrate arises from...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.