Legal Opinion
In the Matter of Mexico Money Transfer Litigation
Court of Appeals for the Seventh Circuit
Decided October 29, 2001No. 01-1172, 01-1176PublishedCited by 105 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
“Send $300 to Mexico for $15.” This tag line, typical of promotions by the two defendants (MoneyGram and Western Union, plus its subsidiary Orlandi Valuta), is at the core of these consolidated class actions. Plaintiffs contend that “for $15” is fraudulent because the wire transfer companies collect for their services not only cash paid over the counter (the $15) but also the difference between the retail currency exchange rate quoted to customers and the wholesale (interbank) rate, for transactions of $5 million or more, at which the defendants buy pesos.…
2Cases cited14 opinions
- Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
- Eisen v. Carlisle & JacquelinSupreme Court of the United States · 1974
- Phillips Petroleum Co. v. ShuttsSupreme Court of the United States · 1985
- In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998
- John D. Szabo, Doing Business as Zatron v. Bridgeport MacHines Inc.Court of Appeals for the Seventh Circuit · 2001
9 more not listed; retrieve them via the Exa API.
3Cited by105 opinions
- In Re Wireless Telephone Federal Cost Recovery Fees LitigationCourt of Appeals for the Eighth Circuit · 2005
- Sullivan v. DB Investments, Inc.Court of Appeals for the Third Circuit · 2011
- In re Bridgestone/Firestone, Inc.Court of Appeals for the Seventh Circuit · 2002
- Nancy R. Murray, Plaintiff-Petitioner v. Gmac Mortgage Corporation, Doing Business as ditech.com, Defendant-RespondentCourt of Appeals for the Seventh Circuit · 2006
- Schleicher v. WendtCourt of Appeals for the Seventh Circuit · 2010
100 more not listed; retrieve them via the Exa API.