Discover Bids To Toss Credit Card Arbitration Suit

Law360, New York (October 24, 2008, 12:00 AM EDT) -- The 30-day window during which Discover Financial Services Inc. cardholders can opt out of a binding arbitration clause shields the company from an antitrust class action that accuses credit card providers of conspiring to strip their clients of the right to a jury trial, Discover argued in court on Friday.

The opportunity Discover gives its customers to reject its arbitration terms clearly sets the company apart from rival credit card providers and goes against the plaintiffs' claim that it is forcing cardholders into a mandatory contract,...
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