Source Pravda.Ru

American Express sues Visa, MasterCard over anti-competitive practices

American Express has recently suffered considerable damage as around 20 thousand U.S. banks could not use AE cards.

"Consumers have been damaged by the boycott by being deprived of competitive alternatives," said David Boies, a lead outside counsel for &to=http://english.pravda.ru/main/18/89/358/12966_savings.html' target=_blank>American Express. "This is a lawsuit that ought not to have been necessary. It deals with conduct that has been repeatedly found unlawful," he added, informs Finance Gates.

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