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OV Loop, Inc. v. Mastercard Incorporated et al
Case Number:
1:24-cv-10412
Court:
Nature of Suit:
Judge:
Firms
- ArentFox Schiff
- Arnold & Porter
- Blank Rome
- Choate Hall
- Cravath Swaine
- Griffin Partners LLP
- Kang Haggerty
- Latham & Watkins
- McCarter & English
- Paul Weiss
Companies
Sectors & Industries:
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May 07, 2025
Boston Judge Tosses Mastercard Payments Monopoly Claims
Payments giant Mastercard Inc. no longer faces a cross-platform tap & pay mobile wallet company's monopolization claims after a Massachusetts federal judge found, among other things, that Mastercard doesn't actually dominate the relevant market.
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February 23, 2024
Mastercard Faces Monopolization Claims Over Digital Tokens
Mastercard has been stonewalling digital wallet startup OV Loop, refusing to provide needed tokens and thereby excluding OV Loop from the mobile payment services market, all part of Mastercard's effort to maintain its chokehold on payment processing and continue to charge supracompetitive fees on transactions, according to a suit filed Wednesday.