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Merchants, AmEx Urge 2nd Circ. To Scrap $7B Swipe-Fee Deal

By Aaron Vehling ( June 17, 2014, 8:01 PM EDT) -- A group of hundreds of merchants, banks and health care providers on Monday asked the Second Circuit to reverse a $7.25 billion antitrust settlement over Visa Inc. and MasterCard Inc.'s swipe fees, saying it releases future antitrust claims, lacks class cohesion and prohibits members from pursuing individualized claims....

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