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Judge maintains antitrust case over fraudulent charges against credit card companies, dismisses banks

( September 30, 2016, 22:31 GMT | Official Statement) -- MLex Summary: US District Judge William Alsup has dismissed antitrust claims brought against credit card issuing banks and EMVCo accusing them of unlawfully agreeing to shift the burden of paying for fraudulent card transactions and associated fees, saying that allegations against them are too sparse and require too much speculation. Alsup maintained the claims against Visa, MasterCard, American Express, and Discover, finding that the complaint plausibly alleges their involvement in an impermissible conspiracy.See document below. ...

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