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AMERICAN EXP. CO. v. UNITED STATES DEPT. OF JUSTICE

No. 78 Civ. 2340 (CHT).

453 F.Supp. 47 (1978)

AMERICAN EXPRESS COMPANY, Plaintiff, v. UNITED STATES DEPARTMENT OF JUSTICE and Griffin B. Bell as Attorney General of the United States, Defendants.

United States District Court, S. D. New York.

June 8, 1978.

Attorney(s) appearing for the Case

Winthrop, Stimson, Putnam & Roberts, New York City, for plaintiff; Merrell E. Clark, Jr., John B. Daniels, New York City, Arnold M. Lerman, Wilmer, Cutler & Pickering, Washington, D. C., of counsel.

U. S. Dept. of Justice, Antitrust Division, New York City, by Gregory B. Hovendon, Elizabeth B. Wurzburg, Washington, D. C., for defendants.

Cahill, Gordon & Reindel, New York City, for Citicorp as Amicus Curiae; William T. Lifland, Laurence T. Sorkin, New York City, of counsel.

MEMORANDUM

TENNEY, District Judge.

On December 30, 1965, the United States filed suit in this court under Section 7 of the Clayton Act, 15 U.S.C. § 18, challenging the acquisition of Carte Blanche Corporation ("Carte Blanche") by First National City Bank (now called "Citicorp"). In 1968 Citicorp agreed to divest itself of its interest in Carte Blanche and consented to the entry of a decree by which Citicorp was prevented from reacquiring an interest...

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