We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

AmEx Can't Compel Arbitration In Price-Fixing Case

Law360 (October 22, 2008, 12:00 AM EDT) -- A federal appeals court on Tuesday denied American Express Co.'s bid to force holders of competing credit cards into arbitration as a way of defending itself against allegations that it conspired with other card companies to fix foreign currency transaction fees.

The decision, filed in the U.S. Court of Appeals for the Second Circuit, upheld a district court's September 2005 ruling and paved the way for further proceedings in a putative class action against AmEx as part of a multidistrict case.

"We believe that this is...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.