By Jonathan Stempel, Reuters
Visa USA and MasterCard International have won dismissal of a lawsuit by California merchants that accused the credit card associations of antitrust violations in setting payment transaction fees.
Judge Jeffrey White of the U.S. District Court in San Francisco on Monday also dismissed claims against Bank of America Corp., Wells Fargo & Co. and U.S. Bancorp, saying the merchants failed to allege a conspiracy to fix fees. He dismissed the lawsuit without leave to amend, meaning the merchants cannot bring their case again.
For this complete story, please visit Visa, MasterCard Win Dismissal of Merchant Lawsuit.
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