MasterCard Fails In Bid To Toss Antitrust Claims

Law360, New York (February 13, 2008, 12:00 AM EST) -- MasterCard's 2006 initial public offering, which reorganized its business, will undergo antitrust scrutiny now that a judge has allowed legal claims challenging the IPO to proceed as part of a related class action against the company.

On Tuesday, Judge James Orenstein of the U.S. District for the Eastern District of New York, the presiding magistrate in the suit over credit card interchange fees, rejected most issues in MasterCard's motion to dismiss antitrust claims filed by the plaintiffs.

The ruling allows the plaintiffs, a group of merchants...
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