Bank of America, Barclays and others ask credit card suit to be dismissed

Bank of America, Barclays, Capital One, Citigroup, PNC Financial, US Bancorp, Wells Fargo, Visa and others, which are at risk of a potential anti-trust class action over allegations they colluded together to shift liability to retailers during the rollout of microchip-enabled credit cards, have asked a California court to dismiss the lawsuit, saying it is void of any facts to back the claims of a conspiracy.

By Dani Kass (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....

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