The Paul, Weiss Antitrust Practice advises clients on a full range of global antitrust matters, including antitrust regulatory clearance, government investigations, private litigation, and counseling and compliance. The firm represents clients before antitrust and competition authorities in the United States, the European Union, the United Kingdom and other jurisdictions around the world.
MasterCard Achieves Victory in Consumer Class Action
- Client News
- April 27, 2012
Practices
Paul, Weiss obtained a victory for MasterCard International Incorporated when the New Mexico Court of Appeals unanimously affirmed the dismissal of a complaint brought by a putative class of consumers. Plaintiffs asserted that MasterCard violated the New Mexico Antitrust Act by allegedly "tying" the provision of merchant debit card services to credit card services, and claimed that the alleged "tie" resulted in overcharges on all goods purchased at New Mexico merchants that accept MasterCard.
Relying in part upon decisions secured by Paul, Weiss on behalf of MasterCard dismissing comparable claims in more than one dozen other states, the court held that the consumers lacked standing to assert claims based upon such remote and derivative injuries, and that they were not "indirect purchasers" of the MasterCard's merchant services under New Mexico law.
Leading the team advising MasterCard was litigation partner Kenneth A. Gallo (who argued the appeal) and counsel Gary R. Carney.
Posted on April 27, 2012.