Apax Wins Toss Of Bank Rate Listing Antitrust Suit

Law360, New York (March 29, 2011, 2:38 PM EDT) -- A New Jersey federal judge on Monday nixed Banxcorp's lawsuit accusing Apax Partners LP of anti-competitive behavior in the market for bank rate listing tables through its subsidiary's acquisition of interest rate monitoring company Bankrate Inc.

Judge Susan D. Wigenton for the U.S. District Court for the District of New Jersey granted Apax's motion to dismiss the case, finding that Banxcorp had not made any specific allegations regarding Apax's conduct.

Banxcorp's lawsuit accused Apax of an illegal restraint of trade and monopolization in violation of Section...
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