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Priceless: The Case that Brought Down the Visa/MasterCard Bank Cartel

Autor Lloyd Constantine
en Limba Engleză Hardback – 5 oct 2009
In a ground-breaking case that shook the business and legal worlds to their very cores, New York-based law firm Constantine & Partners sought to end a devastating credit monopoly that personally touched millions of consumers. Its efforts culminated in the largest federal antitrust settlement in U.S. history. In Priceless, author and lead counsel Lloyd Constantine relates the dramatic account of backroom strategizing and courtroom conniving during the high-stakes litigation. Constantine, who led the team representing the plaintiffs, vividly describes how the case pitted retailers against credit card companies, and pries the lid off dodgy debit card practices. The plaintiffs, including Wal-Mart, Sears Roebuck, The Limited, Safeway, and a class of fi ve million stores, pitted their fi nancial futures against Visa and Mastercard in this war between giants. In the vein of breakout bestsellers like A Civil Action and A Confederacy of Fools, this fast-paced narrative, peppered with larger-than-life characters, tears open the case and shows readers how the more than $3-billion-dollar settlement came about. The riveting story features cameos by lawyers, judges, and businessmen, including then University of Arkansas law professor Bill Clinton and New York Attorney General Eliot Spitzer. The triumph is also a David and Goliath tale, in which a small boutique law fi rm beats four of the largest law fi rms in the world, including London-based law fi rm Clifford Chance.
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Specificații

ISBN-13: 9781607144564
ISBN-10: 1607144565
Pagini: 272
Dimensiuni: 152 x 229 x 24 mm
Greutate: 0.49 kg
Editura: Kaplan Publishing
Colecția Kaplan Publishing
Locul publicării:United States

Recenzii

Armed with just eight lawyers, Constantine portrays himself as a pro-athlete engaged in a blood sport…” —New York Post  
“A polarizing figure from the past battles between merchants and payments companies has returned to the interchange debate with harsh words – for both sides.”   —American Banker
""Aspiring litigators, fans of Court TV and everyone holding a VISA or MasterCard will be fascinated by this candid, often bare-knuckled account of one of the largest antitrust cases in recent years.""  —Shelf Awareness
 
“Constantine’s brilliant but easy to read book is a David and Goliath story about his own career and the seminal Visa/Master card case that broke the back of a giant anticonsumer conspiracy and that reaffirmed the core pro-competition concept that lies at the heart of America and its economic system. Priceless is the story of Lloyd Constantine’s grit, determination, courage, and commitment to do battle against seemingly insurmountable odds on behalf of the fundamental American concept of a free enterprise system.”   —Robert Abrams, Former Attorney General of New York
“At a time when class actions and plaintiffs’ attorneys are under attack, this book is an essential corrective. It demonstrates that private enforcement can work—but only when dedicated counsel are willing to bet their careers on a David-versus-Goliath battle with the industry. Lloyd Constantine and his colleagues broke a cartel that robbed consumers and restrained competition—and did it with virtually no help from the Government. But they almost lost on many occasions. Big case litigation is a marathon, not a sprint, and this behind-the-scenes account paints a provocative picture of the tactics—fair and foul—that defendants can use to crush their opponents. Credit must also go to the judges, including John Gleeson and Sonia Sotomayor, who kept this class action alive in the face of endless attempts to derail it. Many will not like how they are portrayed in this “tell-all” account that is opinionated, acerbic, and pulls no punches. But, much like A Civil Action, it provides a blunt, ‘warts and all,’ unflattering perspective on the real world of mega-litigation.”  —John Coffee, Adolf A. Berle Professor of Law, Columbia University Law School
Priceless lifts ‘crusading lawyer’ from the dustbin of clichés and gives the term new meaning.  Lloyd Constantine tells the story of the nation’s largest (by far) antitrust case with candor, clarity, and wit.  Every consumer with a debit card should be grateful to him for the outcome, and every consumer advocate should read Priceless for its many reminders of how things really work.”  —Nick Taylor, Award-winning Author of American Made: The Enduring Legacy of the WPA: When FDR Put the Nation to Work