Latest news with #JohnKoeltl
Bloomberg
12 hours ago
- Business
- Bloomberg
Visa Bid to Throw Out US Antitrust Case Denied as ‘Premature'
A federal judge rejected Visa Inc. 's bid to short-circuit a Justice Department antitrust lawsuit, saying the payment giant's arguments to dismiss the case were 'premature.' US District Judge John Koeltl in New York ruled Tuesday that the government can move ahead with its claim that Visa illegally broke federal law by trying to freeze out competitors to expand and protect its debit card network — the biggest in the US.
Bloomberg
29-05-2025
- Business
- Bloomberg
Federal Judge Skeptical of Visa's Push to Toss US Antitrust Case
By and Paige Smith Save The federal judge overseeing the Justice Department 's antitrust lawsuit against payments giant Visa Inc. expressed skepticism at the company's effort to dismiss the case at the current early stage of the litigation. At a hearing on Thursday in Manhattan federal court, US District Judge John Koeltl asked a lawyer for Visa several times why he should throw out the case now, when a number of factual disputes remain. 'The issue of market definition and what companies should be included' are questions of fact that can't be resolved on a motion to dismiss, Koeltl said.
