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US: Judge issues injunction against American Express in antitrust suit

By  |  April 30, 2015

A federal judge said in a written ruling on Thursday he had granted much of the US Justice Department’s demands for an antitrust injunction against American Express in a lawsuit over steering rules for merchants the Wall Street Journal Reported Thursday.

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    US District Judge Nicholas Garaufis in Brooklyn had been weighing what action to take against American Express since he ruled in February that the company violated antitrust law by barring merchants from steering consumers to lower-cost credit cards.

    Judge Garaufis said American Express may not stop restaurants and stores, for instance, from offering discounts, rebates or other incentives for using lower-fee cards. Merchants may also tell customers about the relative costs of using particular cards, the judge ruled.

     

    Full content: The Wall Street Journal

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