Supreme Court Rules for American Express in Swipe-Fee Antitrust Case

WASHINGTON—The Supreme Court backed American Express Co.’s policy of preventing retailers from offering customers incentives to pay with cheaper cards, a major victory for the company that puts its business model on solid legal ground.

The court’s 5-4 decision Monday, which split the court along ideological lines, handed a loss to a group of more than a dozen states and the Justice Department, which brought an challenge against an AmEx policy that prohibited retailers and other businesses from offering consumers…

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