Merchants Blast AmEx's Arbitration Bid In Antitrust Fight

Law360, New York (August 6, 2013, 7:50 PM EDT) -- Merchants trying to force American Express Co. to eliminate rules banning retailers from offering customers incentives to use cheaper payment methods argued Monday that their antitrust class action didn't belong in arbitration despite a recent U.S. Supreme Court ruling.

The plaintiffs hit back at AmEx's bid to force the case into arbitration based on the Supreme Court's decision in another case involving the credit card company. In that case, the justices held that courts can't overturn a class arbitration waiver simply because it would cost plaintiffs...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.