FICO Loses Bid to Nix Monopolization Claims in Credit Scores Case

Fair Isaac Corp., better known as FICO, was unable to convince a judge to fully toss claims in litigation alleging it engaged in monopolistic behavior that caused purchaser plaintiffs to overpay for credit scores in violation of antitrust laws.

Judge Edmond E. Chang of the US District Court for the Northern District of Illinois in a Sunday order ruled that the plaintiffs’ Sherman Act monopolization and accompanying state law claims against FICO can proceed, but that remaining claims against FICO and the three major credit bureaus—Experian PLC, Equifax Inc., and TransUnion—are dismissed this time with prejudice. ...