The Justice Department filed a lawsuit against the National Association of Realtors (NAR) last week, challenging a policy that it claims curbs competition from online real estate brokers. The Department said that NAR’s policy prevents consumers from receiving the full benefits of competition and threatens to lock in outdated business models and discourages discounting.
“The purchase […]

Visa, MasterCard, Bank of America, Citibank, Bank One, Chase Manhattan Bank, JPMorgan Chase, Fleet Bank, CapitalOne and other major banks have been named as defendants in an antitrust class action filed on behalf of a group of small businesses alleging the banks illegally fix the price of credit card transaction fees.
The lawsuit, filed by the […]

Marsh & McLennan Companies, the nation’s largest insurance broker, agreed Monday to pay $850 million to resolve allegations of fraud and anti-competitive practices.
The sum will be used to provide restitution to Marsh policyholders who were harmed by its actions, and the company has agreed to adopt a new business model designed to avoid conflicts of […]

American Express Company filed on Monday a lawsuit against Visa, MasterCard and eight major banks that are members of the two card associations, seeking monetary damages for the business lost as a result of the illegal, anti-competitive practices of the card associations.
The lawsuit, filed in the U.S. District Court in Manhattan, follows last month’s U.S. […]