The Court of Appeals for the Second Circuit decided not to grant American Express’s request for a stay of a permanent injunction issued by the U.S. District Court for the Eastern District of New York related to the anti-steering provision in Section 3.2 of its Merchant Reference Guide. However, it has agreed to give American Express a new trial to relitigate the same anti-steering provision beginning the week of November 23, 2015. U.S. District Court Judge Nicholas Garaufis’ permanent injunction, which becomes effective July 20, 2015, gives merchants permission to influence a cardholder’...