Top Court Upholds 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  American Express and Discover Card networks.
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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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A Manhattan federal judge has ordered Visa USA to stop charging a special fee that penalized debit card issuers for jumping to smaller rival MasterCard Inc. , sending the latter's shares higher.
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The U.S. Supreme Court yesterday overturned a nearly century-old ruling that prohibited manufacturers from dictating the minimum prices retailers must charge for their goods, saying such agreements could spark competition rather than stifle it.
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The Supreme Court on Monday sidestepped a dispute over tribal gambling, a victory for California tribes and their new high-profile supporter, Gov. Arnold Schwarzenegger.
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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.
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American Express said Monday that it had filed suit against Visa International and MasterCard International for imposing rules, later overturned by the courts, that barred tens of thousands of banks from issuing its credit card.
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The US Supreme Court rejected an appeal Monday from abortion opponents in Southern California who were ordered to pay legal fees to Planned Parenthood after they unsuccessfully sued the family-planning group to require it to declare a link between
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The Supreme Court Monday 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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American Express Co.  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 Supreme Court rejected an appeal by Sumitomo Trust &amp; Banking Co against a Tokyo High Court decision on Aug 11 lifting a ban imposed by the Tokyo District Court on UFJ including its trust bank unit in the merger talks.
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MasterCard and Visa no longer can block banks from issuing credit cards from competitors after the Supreme Court declined to hear their appeal Monday.
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The Supreme Court has denied a challenge to the federal Do Not Call List. Telemarketing companies had filed an appeal, saying the registry violated First Amendment rights because some groups were exempt from the rules.
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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. AXP.N and Morgan Stanley.  MWD.N.
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NEW YORK - The US Supreme Court struck a blow for the free market and consumer choice. The Justices today denied an appeal by Visa and MasterCard that prevented most US financial institutions from doing business with competing networks such as Discover.
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Maryland's highest court has rejected a challenge to the state's electronic voting system and upheld a ruling that the touchscreen-style voting machines provide a reasonable level of ballot security.
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American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.