American Express countersuesAmerican Express filed a...


April 06, 1993

American Express countersues

American Express filed a countersuit accusing rival MasterCard International of false advertising, a reflection of the JTC intense competition in the corporate credit card market.

The suit, filed yesterday, came in response to a March 8 complaint MasterCard brought in U.S. District Court in Manhattan. MasterCard charged American Express with unfair competition and false advertising.

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