A federal judge has dismissed the current version of a lawsuit that accused Apple, Visa, and Mastercard of colluding to keep payment processing fees artificially high for merchants. Still, the fight isn’t definitively over.
The case, filed in 2023 by Mirage Wine & Spirits and other businesses, claimed that Apple profited from anticompetitive agreements that discouraged it from launching a rival payment network to compete with Visa and Mastercard.
From the original lawsuit:
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.