Execu/Tech Systems, Inc. v. US Bancorp. (American Arbitration Association)
We represent a class of merchants who contracted with a financial institution to process their credit card transactions. The class alleges that the institution systematically and wrongfully inflated the fees charged for transactions using American Express and Discover cards. Because the contracts at issue contained arbitration clauses, the matter is pending before the American Arbitration Association. An arbitrator has entered an award announcing that he will certify the class.
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