In Credit Bureau Services Inc. v. Experian Information Solutions Inc. et al, California federal district court judge Jesus G. Bernal dismissed a proposed class action accusing the credit bureau Experian Information Solutions, Inc. of conspiring to monopolize the mortgage credit data market with report reseller CoreLogic Inc. The court held that the complaint failed to satisfy the Twombly standard for alleging a conspiracy.
The complaint alleged that Experian agreed to force out CoreLogic’s competitors and in exchange CoreLogic would help Experian maintain its dominant position by inter alia staying out of the wholesale market. The court stressed that the complaint did not differ materially from one that had previously been dismissed for failing to adequately allege a conspiracy. It thus failed to meet the high Court’s plausibility standard.
The court did grant leave to the plaintiff to again amend the complaint.