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In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

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Case overview

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 11, 2013

    Foes Of $7B Swipe Fee Deal Ordered To Correct Websites

    Websites criticizing a proposed $7.25 billion settlement of antitrust allegations against Visa Inc. and MasterCard Inc. over swipe fees that contain misleading information that must be corrected, a New York Federal judge ruled Thursday.

  2. April 11, 2013

    Retail Group To Sit Out $7B Visa, MasterCard Swipe Fee Deal

    A trade association representing major retailers confirmed Thursday that it will opt out of a proposed $7.25 billion settlement in multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc., calling the agreement a raw deal for U.S. retailers.

  3. April 10, 2013

    Judge Taps NYU Prof To Help Mull $7B Visa, MasterCard Deal

    A New York federal judge on Monday appointed an independent expert to provide advice regarding a proposed $7.25 billion class action settlement meant to resolve allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees to merchants that accept their cards.

  4. March 29, 2013

    ATM Operators Call $7B Interchange Fee Deal Too Broad

    An ATM industry group objected Friday to Visa Inc. and MasterCard Inc.'s $7.25 billion antitrust class action settlement, warning that the controversial deal improperly lumped ATM operators in with the merchants who originally targeted the credit card companies' interchange fees.

  5. March 21, 2013

    Judge Wants Prof To Help Him Mull $7B Visa, MasterCard Deal

    New York federal judge may hire a New York University law professor and economist to help the court assess whether to approve a controversial $7.25 billion settlement in a case accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, the court said Wednesday.

  6. February 22, 2013

    Grocers Oppose $7B Visa, MasterCard Swipe Fee Settlement

    The National Grocers Association said Thursday its board has voted to oppose a $7.25 billion settlement intended to resolve a multidistrict antitrust litigation alleging that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.

  7. February 04, 2013

    AmEx Beats Subpoena Over $7B Interchange Antitrust Deal

    A federal magistrate judge refused Friday to force American Express Co. to turn over documents to the class plaintiffs as they fight to secure approval for a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over interchange fee charges.

  8. January 25, 2013

    AmEx Bucks Surcharge Queries In Visa-MasterCard Settlement

    As final approval of Visa Inc. and MasterCard Inc.'s $7.5 billion antitrust settlement nears, American Express Co. is resisting attempts to uncover information that could portend the effect of settlement-triggered surcharges on U.S. consumers, according to letters filed Thursday in New York.

  9. December 11, 2012

    Home Depot Can't Rush Appeal In $7B Card Fee Deal: 2nd Circ.

    The Second Circuit on Monday shot down Home Depot Inc.'s attempt to expedite a challenge to a $7.25 billion settlement reached to resolve class action allegations that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.

  10. December 04, 2012

    Target, Macy's, Others To Appeal $7.3B Swipe Fee Deal

    Another group of retailers on Monday voiced objections to the $7.25 billion settlement approved in New York federal court resolving class allegations that Visa Inc. and MasterCard Inc. violated antitrust law by charging excessive transaction fees, with Target Corp., Macy's Inc. and others notifying of their plans to appeal.

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