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United States of America et al v. American Express Company et al.

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Case Number:

1:10-cv-04496

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Nicholas G. Garaufis

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Companies

Government Agencies

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  1. August 04, 2014

    Merchants Can Opt Out Of AmEx, Exec Testifies

    An American Express Co. executive testified at the government's antitrust trial Monday that merchants clearly had a choice about whether to accept the company's credit cards, unlike the products offered by rivals Visa Inc. and MasterCard Inc.

  2. July 31, 2014

    AmEx CEO Says Antitrust Case Could Doom Company

    American Express Co. CEO Kenneth Chenault criticized the U.S. Department of Justice on Thursday for bringing antitrust charges against the company and testified that AmEx "will not survive" if it is forced to end rules that prevent merchants from steering customers to lower-fee alternatives offered by MasterCard Inc. and Visa Inc.

  3. July 24, 2014

    Visa Tackled AmEx To Keep 'Bread and Butter,' Ex-Exec Says

    Visa Inc.'s "we prefer" campaign was designed to stave off American Express Co.'s attempt in the late '80s to expand into Visa's "bread and butter" markets and customer base, a former Visa executive testified Thursday at the government's antitrust trial against AmEx.

  4. July 23, 2014

    AmEx Won't Work With Cos. Who 'Prefer' Rivals, Exec Says

    American Express Co. would rather forgo new revenue than sign up a merchant engaged in a "we prefer" campaign with a rival credit card network, the company's head of merchant acquisition testified Wednesday during the government's antitrust trial over AmEx's anti-steering rules.

  5. July 22, 2014

    'We Don't Compete On Price,' AmEx Exec Testifies

    An American Express executive testified Tuesday during the government's antitrust trial against the credit card company that the company does not compete on cost and seeks a premium rate from merchants for the additional business it brings them.

  6. July 21, 2014

    AmEx Steers Clear Of Top Rates, Exec Testifies

    American Express Co.'s head of merchant pricing testified at the government's antitrust trial against the credit card company on Monday in New York federal court that even though AmEx estimates how high it could raise rates before retailers stop accepting its cards, they would never go that high.

  7. July 10, 2014

    AmEx Rules Block Price Competition, Discover Head Testifies

    Discover Financial Services Inc. President Roger Hochschild testified Thursday at the government's antitrust trial against American Express Co. that anti-steering rules instituted by AmEx and other credit card companies had thwarted his company's campaign to expand by lowering swipe fees.

  8. July 09, 2014

    AmEx Exec Says Antitrust Trial Threatens Customer Loyalty

    An American Express Co. executive testified Wednesday at the U.S. Department of Justice's antitrust trial that the customer loyalty the DOJ says gives the credit card company market power would evaporate if merchants were allowed to urge cardholders to use another form of payment.

  9. July 08, 2014

    Ikea Can't Negotiate Lower Rates With AmEx, Witness Says

    Executives from Ikea North America Services LLC, Enterprise Holdings and Alaska Airlines said Tuesday during the government's antitrust trial against American Express Co. that they lacked power to negotiate lower rates for accepting the company's cards and could not afford to drop the card.

  10. July 07, 2014

    AmEx Merchant Rules Thwart Competition, DOJ Says

    At the start of a two-month antitrust trial, the U.S. Department of Justice accused American Express Co. on Monday of trying to do an end run around free competition by blocking merchants from steering customers to use other, cheaper credit card products.

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