AmEx Can't Dodge Currency Fee Price-Fixing Suit

Law360, New York (March 29, 2011, 6:20 PM EDT) -- A New York federal judge on Tuesday shot down American Express Co.'s bid for summary judgment in a class action accusing the credit card giant of conspiring to fix foreign currency conversion fees and to impose arbitration clauses in cardholder agreements.

Judge William H. Pauley III of the the U.S. District Court for the Southern District of New York denied AmEx's motion for summary judgment, ruling that a reasonable jury could rule in favor of the class on their claims.

The plaintiffs — who used Visa...
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