AmEx Beats Subpoena Over $7B Interchange Antitrust Deal

Law360, New York (February 4, 2013, 7:56 PM EST) -- A federal magistrate judge refused Friday to force American Express Co. to turn over documents to the class plaintiffs as they fight to secure approval for a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over interchange fee charges.

The deal won preliminary approval in November, and now the judge overseeing the case is weighing a key component of the deal that allows merchants to charge an extra fee on Visa and MasterCard cardholders.

The plaintiffs had subpoenaed AmEx for information detailing the effects...
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