A PYMNTS Company

U.S.: Supreme Court to hear AmEx appeal to keep clause preventing class actions

By  |  November 12, 2012

The Supreme Court has agreed to review an appeal made by American Express Co in the credit card company’s efforts to maintain a contractual arbitration clause. If the Supreme Court approves of the clause, merchant customers would not be able to bring class actions against the company; American Express has forced merchant customers to sign off on the agreement since 1999. The case that has reached the Supreme Court stems from a 2003 case where a group of restaurants, retailers and others sued the credit card company under claims it violated competition law when it forced inflated fees upon its merchants on card transactions. American Express appealed the case to the 2nd U.S. Circuit Court of Appeals in New York, where it lost.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.