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Visa, Mastercard, Amex, Discover must face US antitrust case over fraudulent charges, judge rules

( September 27, 2024, 22:31 GMT | Official Statement) -- MLex Summary: Visa, Mastercard, American Express and Discover Financial were denied a summary judgment in a case accusing them of conspiring to shift the burden of paying for fraudulent card transactions and associated fees to merchants. District Judge Margo K. Brodie determined that plaintiffs have provided evidence of three “plus factors” — “a common motive to conspire, evidence that shows that the parallel acts were against the apparent individual economic self-interest of the alleged conspirators, and evidence of a high level of interfirm communications.”See attached file. ...

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