Legal Opinion
Weit v. Continental Illinois National Bank & Trust Co.
District Court, N.D. Illinois
Decided December 22, 1978No. 70C1926PublishedCited by 15 opinions
1Opinion of the Court
Memorandum
LEIGHTON, District Judge.
This is a class action brought by three charge cardholders in the Midwest Bank Card System, Inc., and its successor, the Interbank-Master Charge Bank Card System, Inc., against five Chicago banks 1 for alleged violations of sections 1 and 2 of the Sherman Act, 15 U.S.C. §§ 1, 2. The gist of the claim is that defendants conspired to fix the rate of interest charged for extended payment privileges on credit card purchases at 1.5% per month, or 18% annually. Counts I and II of the third amended complaint allege that defendants engaged in a horizontal…
2Cases cited29 opinions
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- First Nat. Bank of Ariz. v. Cities Service Co.Supreme Court of the United States · 1968
- Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
- Eastern Railroad Presidents Conference v. Noerr Motor Freight, Inc.Supreme Court of the United States · 1961
- United Mine Workers v. PenningtonSupreme Court of the United States · 1965
24 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Jack Weit v. Continental Illinois National Bank and Trust Company of ChicagoCourt of Appeals for the Seventh Circuit · 1981
- Frito-Lay of Puerto Rico, Inc. v. CañasDistrict Court, D. Puerto Rico · 1981
- Thillens, Inc. v. Community Currency Exchange Ass'n of Illinois, Inc.District Court, N.D. Illinois · 1983
- City of Cleveland v. Cleveland Electric Illuminating Co.District Court, N.D. Ohio · 1981
- Windy City Circulating Co. v. Charles Levy Circulating Co.District Court, N.D. Illinois · 1982
10 more not listed; retrieve them via the Exa API.