Dr. Frankel to Speak on the Supreme Court’s American Express Decision

Coherent President Dr. Alan Frankel will be speaking in a webcast titled “The Legal and Economic Implications of the Supreme Court’s Amex Decision: What You Should Know”. The webcast will take place on Thursday, January 10th from 12-1pm ET (11am-12pm CT) and provide CLE credit. The presentation will include a review of the Amex decision, notable developments, risks and pitfalls, compliance tips, other recent cases, and an overview of what lies ahead after the Amex decision. Also participating in the webcast will be Dr. Robert Kneuper, with Info Tech.

To register at a free or discounted price, courtesy of Coherent Economics, please visit here.

Dr. Frankel has also shared an article related to the Amex decision. His full article can be found here.

Dr. Frankel has been an economic consultant and expert witness since 1985 and is one of the world's leading experts in the analysis of competition in payment systems and networks. He is an Adjunct Professor at the Loyola University Chicago School of Law where he teaches Law and Economics. He is also a member of the U.S. Advisory Board at the Institute for Consumer Antitrust Studies and a Senior Editor of the Antitrust Law Journal.

Dr. Alan Frankel, Coherent President

Dr. Alan Frankel, Coherent President

Dr. Frankel Publishes Article in ABA Antitrust Magazine

Coherent President Dr. Alan Frankel recently published an article titled “Another Side to the Story: American Express and the Quest for Efficient Payments Systems” in Antitrust Magazine.  The article offers a critique of the Supreme Court’s decision in Ohio v. American Express, along with thoughts about the potential consequences of the decision and how parties should react to it.

The full article can be viewed here.

In American Express, the Court accepted Amex’s “two-sided market” defense of its “non-discrimination provisions” (NDPs) which prohibit merchants that accept Amex cards from discouraging the use of Amex cards or encouraging the use of alternative, lower cost card brands. Amex argued that its relatively high merchant fees were necessary to fund benefits provided to cardholders, such as Amex’s “rewards” program. Dr. Frankel explains that Amex’s NDPs created and exploited an externality and resulted in inefficiency, rather than create an efficient outcome.

Defenders of American Express’s NDPs contend the economic framework of two-sided markets justifies the NDPs because the NDPs sustain greater benefits provided to merchants’ cardholder customers. But that is a fallacy. It is the NDPs themselves that ensure that American Express retains the economic features of a two-sided platform.
— Dr. Alan Frankel

Dr. Frankel has been an economic consultant and expert witness since 1985 and is one of the world's leading experts in the analysis of competition in payment systems and networks. He is an Adjunct Professor at the Loyola University Chicago School of Law where he teaches Law and Economics. He is also a member of the U.S. Advisory Board at the Institute for Consumer Antitrust Studies and a Senior Editor of the Antitrust Law Journal.

Dr. Alan Frankel, Coherent President

Dr. Alan Frankel, Coherent President

Coherent Senior Vice President Laurel Van Allen to Speak on CLE Webcast

Coherent is looking forward to hearing Senior Vice President Laurel Van Allen speak on a CLE webcast sponsored by The Knowledge Group. The webcast is entitled “Securities and Shareholder Litigation: A 2019 Outlook” and will take place on Friday, December 7th from 2-3pm CT (3-4pm ET). Van Allen will be speaking about trends in the number of security cases filed, notable recent actions, the prevalence of event-driven versus accounting fraud allegations, and increases in opt-outs in securities litigation. Registration for the event is available at https://www.theknowledgegroup.org/webcasts/securities-shareholder-litigation-2019/

Senior Vice President Laurel Van Allen

Senior Vice President Laurel Van Allen

Coherent Economics Participates in ABA Woman Advocate Committee Program and Booth Women Connect Conference

Coherent was proud to sponsor and attend the ABA Woman Advocate Committee’s Regional CLE Program: Raising the Bar.

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We also attended the Booth Women Connect Conference at the University of Chicago. Both events featured the powerful perspectives and stories of women in leadership positions. Coherent would like to thank both organizations for the valuable opportunities to network and learn!

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