Banks Beat Consumers' ATM Fee Antitrust Suit

Law360, New York (September 17, 2010, 1:14 PM EDT) -- A federal judge has determined that a putative class of bank customers lack standing to maintain their long-running suit accusing Bank of America NA, Citibank NA and several other banks in First Data Corp.'s electronic payment network of conspiring to fix ATM interchange fees.

Judge Charles Breyer of the U.S. District Court for the Northern District of California granted the defendants' motion for summary judgment on Thursday, dismissing the case in its entirety on the grounds that the plaintiffs — who are indirect payers of the...
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