Visa Seeks Dismissal of DOJ Antitrust Case Over Market Definition in New York Court

Visa is pressing a New York federal court to dismiss the U.S. Department of Justice’s antitrust lawsuit by challenging the DOJ’s market definition. Represented by Arnold & Porter Kaye Scholer and Wilkinson Stekloff, Visa argues that the DOJ’s perspective on the debit transactions market is overly narrow and omits key participants, thereby overstating Visa’s influence. During oral arguments, Kieran Gostin, a partner at Wilkinson Stekloff, pointed out what he called “tension” in the DOJ’s market definition. However, U.S. District Judge John Koeltl expressed skepticism that such issues could be settled at the motion to dismiss stage. For further details, visit the New York Law Journal.