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

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Overview

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 ...

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Overview

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 five million stores, pitted their financial 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 firm beats four of the largest law firms in the world, including London-based law firm Clifford Chance.

Product Details

  • ISBN-13: 9781607144564
  • Publisher: Kaplan Publishing
  • Publication date: 10/6/2009
  • Pages: 272
  • Product dimensions: 6.40 (w) x 9.34 (h) x 0.99 (d)

Meet the Author

Lloyd Constantine
Lloyd Constantine

Lloyd Constantine is Counsel to Constantine Cannon LLP, a commercial litigation firm in New York and Washington, D.C. with an internationally acclaimed antitrust practice. Lloyd founded the firm, originally called Constantine & Partners, with several friends in 1994 and was its Chairman and Managing Partner until January 2007.

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  • Posted October 10, 2009

    more from this reviewer

    Doesn't know what it wants to be!

    Some interesting material is covered in Priceless but overall it was a disappointment. After reading the book I wonder if there really was enough material here for a book length treatment. The good, the author delivers in providing the reader with the scale of how he single handedly litigated an end to an attempt by Mastercard and Visa to monopolize debit cards. The bad, the author goes down the path of incessant self glorification and the writing is something you might find in an entry level college course. The attempt at cult of personality is one thing but the abundance of typos are another and indicative of a clear lack of editing. The book has the feel and professionalism of a lesser self published work. Typos occur in the best of books but the real problem here is that it really doesn't know what it wanted to be, a biography or a legal text. It tries to do both and fails badly. If you're a lawyer you wouldn't come away with anything after a reading you didn't already know. In some instances when you want to know more it's not there, when you wanted to know less, there's more. It seems to have been dumbed down for a general audience, the question is why would a general audience what to read this book in the first place. I hope the author's next book, the rise and fall of his protege Eliot Spitzer, receives more support from the publisher like some help from a good ghost writer and editor.

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  • Anonymous

    Posted October 29, 2009

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