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Amex, Citigroup, Discover Win Dismissal Of Card Arbitration Case

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April 10, 2014 AT 5:26 AM
American Express Co , Citigroup Inc and Discover Financial Services won the dismissal of a lawsuit accusing them of colluding to adopt arbitration clauses that prevent credit card holders from pursuing class action lawsuits in court. U.S. District Judge William Pauley in Manhattan on Thursday said the plaintiffs had failed to show that the defendants violated the Sherman Act, a federal antitrust law.