Ex-MasterCard Partner Urges Court To Preserve $2.8M Verdict

Law360, New York (June 15, 2017, 8:56 PM EDT) -- 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.

International Cards Co. Ltd. convinced a jury in April that the global payments giant had no right to draw down a letter of credit under their contract. Even though the amount was a fraction of the $75 million in lost...
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