Judge Denies American Express Motion to Dismiss Federal Antitrust Lawsuit
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A federal judge has denied American Express' motions to compel arbitration and dismiss a federal antitrust lawsuit filed by 5-Star General Store on behalf of over 5,000 merchants.
December 03, 2024 | 5:00 pm
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American Express faces a setback as a federal judge denies its motions to dismiss and compel arbitration in an antitrust lawsuit involving over 5,000 merchants.
The denial of motions to dismiss and compel arbitration in a significant antitrust lawsuit could lead to prolonged legal proceedings and potential financial liabilities for American Express, negatively impacting its stock price in the short term.
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