American Express Agrees To Settle Suit Targeting Discount Fee

American Express Agrees To Settle Suit Targeting Discount Fee

NEW YORK - A hotel and movie theater operator on Dec. 19 moved for the preliminary approval of a settlement of a putative class action in a New York federal court alleging that American Express Co.'s merchant discount fee violates antitrust provisions of the Sherman Act (The Marcus Corp. v. American Express Co., et al., No. 04-5432, S.D. N.Y.).

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