Plaintiffs Drop Per Se Theory In ATM Price-Fixing Suit

Law360, New York (February 2, 2009, 12:00 AM EST) -- Abandoning naked price-fixing allegations, plaintiffs in an antitrust suit over fees charged by financial institutions in First Data Corp.’s ATM network have filed an amended complaint under a rule of reason theory rather than a per se theory.

Attorneys representing several ATM customers filed an amended complaint Monday in the U.S. District Court for the Northern District of California against First Data Corp., owner of the Star ATM network, and financial institutions including Citibank, Wachovia Corp., Wells Fargo & Co., Bank of America Corp. and JPMorgan...
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