EU Court Adviser Backs MasterCard Antitrust Fee Ban

Law360, New York (January 30, 2014, 7:08 PM EST) -- An adviser to the European Union’s highest court on Thursday backed a European Commission decision banning MasterCard Inc.’s cross-border interchange fees, urging the court to rule that the credit card giant’s 2006 initial public offering didn’t undermine the decision.

In a nonbinding opinion, Advocate General Paolo Mengozzi told the European Court of Justice that the EC’s decision, requiring the company to drastically reduce its bank-to-bank credit card processing fees, should stand.

MasterCard had argued on appeal that the lower court used the wrong standard in deciding whether...
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