Supreme Court Holds That Government Failed to Show AmEx Anti-Steering Rules Harmed Both Sides of Two-Sided Market
In a five-to-four decision yesterday, the U.S. Supreme Court ruled that the Department of Justice Antitrust Division and several states failed to prove that so-called “anti-steering” provisions imposed by American Express Company on merchants that accept AmEx cards harmed competition in violation of federal antitrust law. The Court, in an opinion authored by Justice Clarence…