Government’s Antitrust Suit Vs Amex Case Proceeded By The U.S. Judge

AmEx is an American multinational company that provides with the financial services. The company has it’s headquarter in Manhattan, New York City. United States. The company is one of the components of the Dow Jones. The company is ranked to be the 22nd best brand of the world. The company’s logo was adopted by the logo of Centurion. These logos are usually pasted on cards and cheques. According to the Fortune, the company is ranked by the public to be the 20th reliable company of the world. The company was founded in 1850.

American Express Stock news highlights an event in which a lawsuit against American Express has been brought by the U.S. Justice Department. This lawsuit was filed in 2010 and according to the law the company prevents traders from offering discounts to the consumers. This is preventing the consumers from using less expensive payment forms. The dispute was put forward to U.S. District Judge Nicholas Garaufis. Government accused the company for spending 40 dollars on yearly basis on different networks to force the company’s rivals to buy credit cards; this is how the American Express Stock Graphs are heading up to the highest point. The government stated this fact to be the cause of the company’s high stock ranking.

On the other hand, the company proved itself to be innocent by providing the judge with American Express Stock records of some previous years. The company also claimed that the government does not have any paper proof against it.

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