Categories
Uncategorized

Visa, MasterCard lose anti-trust ruling

The U.S. Court of Appeals for the Second Circuit today upheld an earlier district court decision in a case brought in 1998 by the U.S. Department of Justice.

“The defendants have failed to show that the anti-competitive effects of their exclusionary rules are outweighed by pro-competitive benefits,” Judge Pierre Leval wrote in the 23-page decision on behalf of a three-judge panel.

A PDF file of the Appeals Court decision is available online. Looks like the next stop for this case is the US Supreme Court.

This site uses Akismet to reduce spam. Learn how your comment data is processed.