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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. January 09, 2014

    AmEx Appeals $7.2B Interchange Fee Settlement

    American Express Co. indicated Wednesday that it would appeal the approval of a $7.25 billion interchange fee antitrust settlement between merchants and Visa Inc. and MasterCard Inc., worrying it would be included in the agreement's broad class definition.

  2. January 02, 2014

    Retailers Plan To Appeal $7.25B MasterCard, Visa Fee Deal

    The National Retail Federation said Thursday it would file a Second Circuit appeal after a New York federal judge approved a proposed $7.25 billion antitrust settlement over credit card companies' alleged conspiracy to fix prices for credit card swipe fees.

  3. September 12, 2013

    Merchants Blast $7B MasterCard, Visa Fee Deal

    A coalition of some of the nation's largest retailers gathered Thursday in a Brooklyn courtroom to protest a $7.25 billion antitrust settlement over Visa Inc. and MasterCard Inc.'s swipe fees, saying the deal fails to address the credit card companies' dominant hold on the industry.

  4. September 10, 2013

    Merchants To Face Off Over $7B Interchange Fee Deal

    Proponents and critics of a $7.25 billion antitrust settlement over Visa Inc.'s and MasterCard Inc.'s interchange fees are set to square off in federal court at a fairness hearing Thursday, where the focus is likely to be on a few key questions about class certification and a proposed injunction designed to adjust the companies' merchant policies.

  5. September 05, 2013

    Critics Of $7B Visa, MasterCard Deal Say Expert On Their Side

    A group of companies objecting to a $7.25 billion deal in multidistrict litigation over Visa Inc.'s and MasterCard Inc.'s interchange fees argued Wednesday that a recent report from the court-appointed economic expert support their challenge to the antitrust settlement.

  6. September 03, 2013

    Visa, Mastercard Deals Inked At Expense Of Class, Court Told

    A slew of companies objecting to a $7.25 billion antitrust settlement in multidistrict litigation over Visa Inc. and MasterCard Inc.'s interchange fees claimed Friday that several retailers who inked separate deals with the credit card companies may have done so at the expense of the class.

  7. August 29, 2013

    $7B Antitrust Deal May Be Best Bet For Merchants: Expert

    The proposed $7.25 billion antitrust settlement retailers have wrought from Visa Inc. and MasterCard Inc. over interchange fees may be a reasonable deal for the plaintiffs given the substantial risks of taking the case to trial, a court-appointed economics expert said Wednesday.

  8. August 21, 2013

    Target, Macy's Seek Docs For $7B Visa Deal Challenge

    Target Corp. and others fighting a $7.25 billion settlement of a class action alleging Visa Inc. and MastarCard Inc. charged merchants excessive swipe fees challenged Tuesday a ruling they claim will unfairly limit their response to a report being put together by a court-appointed expert.

  9. August 16, 2013

    Visa, MasterCard Seek Help On Target Card Fee Fight

    MasterCard Inc. and Visa Inc. on Wednesday asked the judge weighing the companies' $7.25 billion interchange fee antitrust settlement for help wrangling an opt-out suit brought by Target Corp. and other retailers.

  10. July 03, 2013

    Objectors Of $7B Swipe Fee Deal Can't Cross-Examine Expert

    The New York federal judge considering multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc. said Tuesday that a court-appointed economic expert could not be cross-examined, denying a request from objectors to a proposed $7.25 billion settlement in the case. 

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