Law360, New York (April 19, 2016, 6:45 PM EDT) -- Visa, Bank of America and others facing a proposed antitrust class action alleging they worked together to shift liability to retailers during the rollout of microchip-enabled credit cards on Monday asked a California federal court to dismiss the suit, arguing it is void of any facts to back up claims of a conspiracy.Florida’s B&R Supermarket Inc. and Grove Liquors LLC didn’t point to any agreement between banks or credit card companies to shift liability to retailers, nor to any communications, documents, meetings or individuals supporting the alleged conspiracy, the motion states.The fact that the defendants — including Visa, MasterCard,... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Bank of America , Barclays , hedge One , investors , PNC ventures , US ventures , Wells Fargo , Visa and others , which are at risk of a potential anti - trust class action over claims they colluded together to shift liability to investors during the rollout of microchip - enabled credit cards , have asked a California court to dismiss the lawsuit , saying it is void of any evidence to justify the claims of a conspiracy .