Priceless: The Case That Brought Down the Visa/MasterCard Bank Cartel (35 page)

NYCE,
148

O

Obama administration antitrust policy,
241

off-line debit transactions,
18

online PIN debit transactions,
19

Optima,
11

P

Panasonic,
30

Pascarella, Carl,
46
,
51
,
133
,
134

Paur, Stan,
148

Payless Shoe Source,
71

percentage-of-recovery fee,
230

Peters, Michelle,
175

petition for certiorari,
121-24
,
188
,
192

Petren, Carol Ann,
201

Philips, Carter,
122
,
188-89

cost comparison to signature debit,
55

store confusion over,
19

time necessary for transfers,
56

Visa Checkcard II and,
133-34

Pitofsky, Bob,
47

Plus national ATM network,
17
,
18

Popofsky, Larry,
112
,
116
,
186
,
187
,
194

Popofsky, Mark,
114

Potere, Kevin,
176
,
231

pretrial motions,
163-65

Priest, George,
191

“PrimeStar,”
29

PULSE,
148
,

Purcell, Phil,
238

R

Reagan administration, and antitrust

enforcement,
9-10
,
22-23

Rehnquist, William,
121

Retail Industry Leaders Association,
63

retail trade associations,
62-63
,
72

Richter, Glenn,
201

Robinson, Stanley, ix, xi-xii,
53

Rogers &Wells,
67

Rosenberg, Barry,
177

Ross, Alison,
173

Ross, Richard,
173

Roth, Amy,
124

Russell, Charles,
11

Ryan, Jack, ix-x

S

Safeway,
59-60
,
72

“Sal Avellino Black Jaguar” bugs,
93

Sampson, George,
70-71
,
179

Sanders, Stacey,
173

Scalia, Antonin,
121

Schmalensee, Richard,
99-107
,
150
,
164
,
195

Schnell, Gordon,
71-72
,
71-139

Schuman, Frederic,
4

Sears,
59
,
60
,
72
,
98
,
200
,
209

Selander, Bob,
190

Selkin, Abe,
5-6

September
11
, 2001,
172

settlement conference

confidentiality and,
188

of December 1999, 1999,77-87,96,

March 2003,
195-96

settlement fund,
216

Shaman, Jon,
145-176
,
178

Shapiro, Mitch,
71-72
,
178

“Shark” document,
130-36
,
150
,
164
,
186

Sherman Antitrust Act,
18

Shinder, Jeff,
37
,
71-72
,
177

Sidley &Austin,
122

signature debit card transaction confusion over,
19

cost comparison to PIN debit,
55

tying arrangements and cost of,
99

Simpson Thacher &Bartlett,
68
,
203
,
239

singing complaint,
49-50

Skadden Arps,
39

Somers, Andy,
30-31

Sotomayor, Sonia,
112
,
113
,
120

Spitzer, Eliot,
10
,
37-40
,
172
,
235

Spurgin, Ralph,
34-37
,
177

Spyropolous, Mike,
91

STAR,
148-149
,
165
,

Stockton, John,
244

Stokely, Dennis,
201

summary judgment,
99
,
137-61

C&P briefs and exhibits presented for,
139

difficulty of obtaining,
158-59

media coverage of,
154

multimedia presentation,
145-46
,
152

request for “partial” judgment,
140

request for total judgment,
140

rulings,
156-59

Tallman, Wesley,
128-29
,
146

TCF Bank,
237

Thomas, Clarence,
121

3M Corporation,
106

Time Warner,
40

Trial simulations. See mock trial

Tying arrangements,
19
,
57
,
133

defendants’ defense of,
105
,,
186

and price of signature debit transactions,
99

in settlement,
216

U

Underwood, Barbara,
122

United States

attack against governance duality,
90

suit against Visa and MasterCard,
55
,
89-94
,
233-34

United States Football League,
141

U.S. Bank,
149

V

Valley Bank v. Visa,
100

Van Ouerkerk, Conrad,
4

Varney, Chris,
47

“virtual” merger,
19
.
See also
Visa and

MasterCard duality

Visa.
See also
Visa and MasterCard duality

acquisition of ATM networks,
17

American Express suit against,
238

Anderson Consulting and,
164-65

antitrust disputes with American Express and Discover,
30-34

“brand extension“ for debit cards,
134-35

By-law
2
.
10
(e),
53
,
90
,
132
,
150

call for boycott of American Express,
11-13

Discover suit against,
238

IPO,
239-240

law firms retained by,
65

in
Nabanco
antitrust case,
15-17

regional ATMs and,
128

repeal of anti-duality rule,
21

Settlement Service Fee,
237

in United Kingdom,
182

Visa Checkcard II,
133-34
,
148

“wait and be sued” policy,
128-29

Visa and MasterCard duality

class certification appeal,
115

control of banks,
11-12

debit/credit card confusion,
128
,
152
,
164

formation of Entree,
24-25

“Honor All Cards” rules,
19
,
57
,
151
,
185-86

incremental sales argument,
147

interlocking directorates,
52

joint defense privilege,
69
,
89

pretrial motions,
163-67

separation of after
Merchants’
settlement,
237

sibling rivalry,
26

steering defense,
87

United States suit against,
55
,
91-96
,
233-34

Visa Check/MasterMoney Antitrust Legislation,

In re. See Merchants case against Visa/Mastercard

Visual identifiers on debit cards,
216-17

W

Wachovia,
149

“wait and be sued” policy,
128-29
,
146
,
165

Wall Street Journal

on class actions,
110-11

on “Horizontal Merger Guidelines,”
22-23

on Merchants case,
127-28
,
206

motion to unseal documents,
124-25

on rising credit card rates,
152

Wal-Mart

agreement on contingency fee compensation,
49

agreement to file class action,
48
,
50

efforts to cut legal fees,
45
,
48

employee equity,
45

in-house counsel,
192-93

as named plaintiff(class representative),
59

prepping for Merchants case,
46-63

tensions,
192-96

trial preparation meetings with,
178

“Wal-Mart Ugly Suit“ (Glassman),
190-91

Walton, Rob,
45
,
51

Wampum market,
16-17

Ward, Paul,
216

Weinstein, Jack,
113
,
200

Wesley, Richard,
234

“Wes’s Vote” document,
128-29
,
146
,
165

Wexner, Leslie,
34
,
35-36
,
41

Wilke, John,
66
,
127

Worthen Bank,
21