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International Cards Company, Ltd. v. Mastercard International Inc.

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Case Number:

1:13-cv-02576

Court:

New York Southern

Nature of Suit:

Contract: Other

Judge:

Lorna G. Schofield

Firms

Companies

MasterCard Inc.

Sectors & Industries:

Financial
- Credit Services

August 18, 2017
No $4.6M Sanctions For MasterCard's 'Reproachable' Move

A New York federal judge has blocked a $4.6 million sanctions bid against MasterCard by a former payment-processing partner, saying that even though MasterCard's running up of its opponent’s legal fees on a key question before trial may have been “reproachable,” both sides had the unambiguous contract in front of them the whole time.
June 15, 2017
Ex-MasterCard Partner Urges Court To Preserve $2.8M Verdict

A Jordanian payment processor that convinced a New York federal jury to award it $2.8 million in a dispute with MasterCard International Inc. earlier this year urged a judge to reject the card company's effort to throw the verdict out, saying Wednesday the decision was reasonable.
April 14, 2017
Ex-MasterCard Partner Gets $2.8 Million Win Despite Breach

A New York federal jury has awarded a Jordanian payments company $2.8 million in a dispute with MasterCard International Inc., concluding that the global payments giant had no right to draw down International Cards Co. Ltd.'s letter of credit even though ICC breached their contract.
March 27, 2017
MasterCard Beats Processor's Biggest Claim Ahead Of Trial

A New York federal judge granted a request by MasterCard International Inc. on Friday to kill the central claim in a $75 million suit brought by its onetime Middle Eastern partner, saying the credit card giant was right on the law but certainly could have raised its winning argument sooner.
May 27, 2016
Contract Breach Claims Survive In MasterCard Processor Suit

A federal judge in New York on Thursday said that a Jordan-based credit card servicer's $75 million breach of contract claims against MasterCard International could move forward in a battle over the cancellation of the relationship between the two companies.
September 02, 2014
MasterCard Ruling Warns In-House Attys On Privilege Limits

A New York federal court ruling broadening the scope of what communications MasterCard International Inc. must reveal in a $75 million contract suit brought by a jilted card servicer shows counsel can't assume discussions won't see the light of day, especially when courts have time to carefully vet the evidence, experts say.