NEW YORK - The Second Circuit U.S. Court of Appeals on May 29 in a divided ruling denied rehearing en banc of its Feb. 1 opinion affirming its prior holding that a mandatory class action waiver clause in American Express Co.'s (AmEx) standardized service contract violated the Federal Arbitration Act (FAA) (In re: American Express Merchants' Litigation (Italian Colors Restaurant, et al. v. American Express Travel Related Services Company, et al.), No. 06-1871-cv, 2nd Cir.). Subscribers may view the order available within the full update.