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$7B MasterCard, Visa MDL Settlement Wins Initial OK

By Brian Mahoney ( November 9, 2012, 5:13 PM EST) -- A New York federal judge on Friday gave preliminary approval to Visa Inc. and MasterCard Inc. 's proposed $7. 25 billion multidistrict litigation settlement over the companies' alleged collusion on interchange fees, paving the way for arguably the largest antitrust settlement in U. S. history. . . .

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