Discover To Drop Some Claims Against Card Giants

Law360, New York (June 13, 2007, 12:00 AM EDT) -- Discover Financial Services Inc. plans to withdraw some of its allegations against Visa USA Inc. and MasterCard Inc. in its antitrust suit, which accuses the card associations of wielding their market power to enforce anti-competitive rules that shut out Discover from participating in the credit and debit card markets.

Discover sought to rescind its allegations over Visa and MasterCard’s “Honor All Cards” rules in its second amended complaint, and the U.S. District Court for the Southern District of New York granted its request on Tuesday....
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