Court dismisses credit-reporting antitrust claims
Daily Legal News
Two of the three U.S. credit- reporting companies, TransUnion LLC and Experian PLC, won a court bid to dismiss antitrust claims filed by credit-score provider Fair Isaac Corp.
U.S. District Judge Ann Montgomery in Minneapolis granted a motion July 24 to throw out Fair Isaac’s claims that TransUnion and Experian, along with Equifax Inc., tried to monopolize the credit-scoring market when they formed a joint venture and announced the VantageScore credit-reporting model in 2006.
The suit claimed the bureaus tried to use VantageScore to eliminate Fair Isaac’s FICO score, which it licenses to the three credit-reporting companies. Equifax settled the case on undisclosed terms in 2008.
In the decision, Montgomery also dismissed Fair Isaac’s contract and false advertising claims against TransUnion and Experian. She declined a request to dismiss claims the two credit-reporting companies violated Fair Isaac’s trademarks.
In a statement Monday, Fair Isaac, which now calls itself FICO, said it believes that “VantageScore remains an illegal presence in the market” and plans to appeal Monday’s decision after a trial on the remaining claims in the case.
Related listings
-
Wis. court backs $5.6M fee award against Microsoft
Daily Legal News 11/02/2010An appeals court is ordering Microsoft Corp. to pay $5.6 million to a national law firm involved in a Wisconsin antitrust case against the software giant. Zelle, Hofmann, Voelbel & Mason LLP represented consumers who bought Microsoft equipment in...
-
U.S. court revives antitrust suit on music downloads
Daily Legal News 11/02/2010The U.S. Second Circuit Court of Appeals in New York said a lower court judge erred in dismissing the complaint alleging violations of the federal Sherman Act in October 2008. Among the named defendants in the case are Bertelsmann AG, EMI Group, Sony...
-
Mitsubishi files antitrust suit against GE
Daily Legal News 11/02/2010Mitsubishi filed an antitrust lawsuit Thursday against General Electric Co., accusing the company of monopolizing part of the wind-turbine market and making "baseless" patent-infringement claims against Mitsubishi to gain a competitive edge. The suit...

New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.