Published February 13, 2013
A federal judge has dismissed antitrust lawsuits accusing Visa Inc, MasterCard Inc, Bank of America Corp, JPMorgan Chase & Co and Wells Fargo & Co of conspiring to fix automated teller machine fees.
U.S. District Judge Amy Berman Jackson in Washington, D.C., said the plaintiffs failed to present enough facts to show they were injured, or that there was an actual agreement or conspiracy to charge excessive fees.
Among the plaintiffs in the lawsuits were individual consumers as well as the National ATM Council, which represents independent non-bank ATM operators.
(Reporting by Jonathan Stempel in New York; Editing by Gary Hill)