AMEX, Citi, Discover win dismissal of card-related suit

|By:, SA News Editor

The federal lawsuit had accused Amex (AXP -1.2%), Ciitgroup (C -0.7%), and Discover (DFS -0.6%) of colluding to adopt arbitration clauses preventing card holders from pursuing class action status in court.

District Judge William Pauley ruled the plaintiffs failed to show the three violated the Sherman Act.