UPDATE 1-US top court lets stand Visa, MasterCard ruling
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival networks of
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American Express has sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.
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American Express will receive a payment of about $2.1bn from Visa after it sued the credit card giant.
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Visa said on Thursday it has won approval of a registration statement from the U.S. Securities and Exchange Commission, as the world's largest credit card network prepares to go public by early next year.
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The Supreme Court yesterday cleared the way for banks to begin issuing credit cards bearing logos such as American Express and Discover while continuing to offer Visas and MasterCards.
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The Supreme Court on Thursday sided with New York City in its efforts to collect property taxes from the governments of India and Mongolia.
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AMERICAN Express has sued credit card giants Visa and Mastercard, accusing them of anti-competitive practices. The lawsuit comes after the US Supreme Court said the two companies could not contest a ruling
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The US Supreme Court backs an earlier court ruling that cigarette firms cannot be sued over low tar cigarettes.
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Â· Consumer revolt on hold while court case is heard  Â· Ruling may lead to refunds but also end free banking
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American Express Co (NYSE: AXP) said this morning that it has filed a law suit in the US District Court in Manhattan against Visa, Mastercard and eight major
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In developments Monday at the Supreme Court, the court:
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Mastercard's sponsorship of the football World Cup is brought into question after a US court ruling.
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival networks of American Express Co.  and Morgan Stanley. .
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American Express said it was suing Visa USA and MasterCard International, along with eight banks, for damages stemming from anticompetitive practices that prevented American Express from issuing cards through US banks.
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American Express Co. AXP.N on Monday  sued credit card associations Visa and MasterCard and eight  banks for damages from what it called anti-competitive  practices that prevented 20,000 U.S. banks from using its  credit card products.
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The US Supreme Court yesterday let stand a ruling that dismissed a $10.1 billion verdict against Philip Morris USA, ending a case that helped feed the reputation of Madison County, Ill., where it originated, as a "judicial hellhole."
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Visa, MasterCard and eight banks have been sued by American Express for âanti-competitive practicesâ that led to damages as around 20,000 US banks were not able to use AE credit card products.