A Huntington Beach businessman is seeking $30 million in damages from Bank of America, Visa International Service Assn. and Mastercard International Inc. in an antitrust lawsuit filed Friday.
In his suit, filed in U.S. District Court in Los Angeles, Michael Holleran alleges that Bank of America, Visa and Mastercard were involved in "efforts to completely wreck and destroy the business and operations" of his company, International Credit Systems Inc. The company, which offers a variety of travel and credit card services that compete with a similar Bank of America program, is still in business.
In an unrelated matter, Holleran's company is being sued by the state for allegedly giving misleading information to potential customers during a recent sales drive.
The state attorney general's office filed suit against ICS in Los Angeles Superior Court in August, alleging that the company misled customers about "free" vacations to Hawaii. Holleran claimed that much of the information on which the state based its suit is false and said he has provided corrected information in an effort to win dismissal of the suit, which still is pending. Holleran said he has met with state attorneys to ask them to dismiss it. State officials could not be reached for comment Friday.