Priceless: The Case That Brought Down the Visa/MasterCard Bank Cartel
| Author | : | |
| Rating | : | 4.21 (951 Votes) |
| Asin | : | B00B5WYVSO |
| Format Type | : | |
| Number of Pages | : | 466 Pages |
| Publish Date | : | 2015-11-23 |
| Language | : | English |
DESCRIPTION:
When a $3.4 billion settlement was reached in 2003, the court estimated that the case would save stores and shoppers up to $87 billion in the first decade alone. Combining the real-life legal drama of A Civil Action with the relentless pace of a John Grisham novel, Constantine delivers the definitive account of a case that made history and will be studied for years to come. "He won't discuss money, but he now accepts Visa: Settlement, $3 billion, taking on MasterCard, Priceless."(The New York Times) Lloyd Constantine began his career in legal services, representing impoverished clients in civil rights and constitutional cases. A suspense-filled story with a vibrant cast of characters - and a smoking-gun document known as "The Shark" - Priceless travels from corporate backrooms to the courtroom to capture one of America's biggest triumphs in the high-stakes world of antitrust litigation.. businesses were being illegally coerced in a scheme that forced excessive fees on merchants every time a customer used a debit card. Beginning in the 1980s, when Visa and MasterCard - whose combined market share topped 95 percent - announced the merger of their debit card networks, Priceless traces the fallout of this catastrophic union, from raised eyebrows among attorney generals to the launch of a major class-action lawsuit. Decades later, he would make
Informative! Book is a quick read that provides insights into the evolution of the payments industry. Lawyers will also appreciate the behind the scenes look at the preparation required for a mega-antitrust case.. Taking on the Hydra Gray Taylor A great read into one of the seminal attacks on the hegemony of Visa, MasterCard and their member banks. Details of the obfuscation, outright deceit, delay tactics and business model legal-engineering of these famous card brands is astounding. C&P established the benchmark precedent for all antitrust actions surrounding the card brands today (C&P did not "kill the beast" only weakened it), making this book a "must read" for anyone in card payments policy and antitrust law.Anyone who still harbors a shred of sympathy for these brands n. "Think: Terrell Owens in the end zone." according to John E. Drury. Rare is the attorney who writes a good book about his success in his own civil trial. Daniel Petrocelli achieved it in "Triumph of Justice," in his civil damages trial of the infamous OJ Simpson case. Strong editing tones down the subjective in autobiographies or trial memoirs forcing the preening attorney - all trial attorneys preen - to be objective. Editing is minimal in this book. With an ego "as big as the Ritz," to borrow from Scott Fitzgerald, Lloyd Constantine does not defy the odds; this book reads more like a legal brief tha