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(From BusinessWeek Online)
Byline: Mara DerHovanesian
American Express (AXP) wasted no time in capitalizing on a recent government case that successfully found card-association giants Visa USA and MasterCard International guilty of antitrust violations. On Nov. 15, AmEx slapped not only both of the associations with a suit for damages, but also named eight of the nation's biggest banks that count themselves among the association's members.
The travel and entertainment outfit has also hired legal star power -- David Boies, the lawyer who represented the Justice Dept. in its antitrust case against Microsoft (MSFT) as well as Vice President Al Gore in the legal battle over the 2000 presidential election -- to do its bidding as outside legal counsel.
"PAST ILLEGAL CONDUCT". The AmEx lawsuit, filed in the U.S. District Court in Manhattan, was widely expected after Oct. 4 when the Supreme Court upheld a lower court decision on the long-standing DOJ case.
The suit seeks…