Judge Refuses To Dismiss Antitrust Suit V. Bankrate

Law360, New York (July 9, 2008, 12:00 AM EDT) -- A federal judge in New Jersey has denied Bankrate Inc.'s bid to end BanxCorp's antitrust lawsuit for allegedly monopolizing the bank rate listing table market.

U.S. District Judge Susan D. Wigenton of the District of New Jersey denied Bankrate's motion to dismiss the case on Wednesday, citing pleading standards in the U.S. Supreme Court's Twombly ruling.

The judge agreed with Bankrate that the complaint failed to plead certain facts as necessary under antitrust law to proceed, but gave BanxCorp 45 days to amend its complaint to...
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Case Information

Case Title

BANXCORP v. BANKRATE,INC.


Case Number

2:07-cv-03398

Court

New Jersey

Nature of Suit

Anti-Trust

Judge

Claire C. Cecchi

Date Filed

July 20, 2007

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