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MasterCard Wins Dismissal Of IPO Antitrust Claims

Law360 (November 26, 2008, 12:00 AM EST) -- A federal judge overseeing the massive interchange fee antitrust litigation in New York has tossed a supplemental complaint against MasterCard Inc. over its initial public offering, but will give the merchant plaintiffs a chance to plug the holes in their claims.

Judge John Gleeson of the U.S. District Court for the Eastern District of New York dismissed the complaint without prejudice in an order Tuesday, saying the plaintiffs had failed to demonstrate how the IPO would allow MasterCard's member banks to continue to impose inflated interchange...
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