A federal judge has dismissed an antitrust lawsuit that accused Apple, Visa and Mastercard of conspiring to suppress competition in the payments network market and inflate merchant transaction fees.
U.S. District Judge David Dugan in Illinois ruled that merchants failed to provide sufficient evidence supporting claims that Apple illegally declined to launch a competing payment network to rival Visa and Mastercard.
The lawsuit, filed by beverage retailer Mirage Wine & Spirits and other businesses representing thousands of merchants, alleged the payment networks paid Apple hundreds of millions of dollars annually to avoid competition. Dugan found the plaintiffs offered only “a slew of circumstantial allegations” but permitted them to amend their complaint.
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