© Reuters. Supreme Court to take on AmEx fee case
- A federal appeals court had previously thrown out a government suit saying American Express (NYSE:AXP) illegally harmed cardholders and merchants with rules prohibiting merchants from steering customers to lower-fee cards.
- The government (U.S. and a number of states) appealed to the Supreme Court which this morning accepted the case.
- AmEx is lower by 1.5% in early action.
- Now read: Goodbye American Express, Hello Synchrony Financial