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.

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