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:

July 24, 2012
Following Target, Wal-Mart Opposes $7B Swipe Fee Deal

Wal-Mart Stores Inc. became the latest retailer to criticize a recent $7.25 billion settlement in an antitrust class action against Visa Inc. and MasterCard Inc. over interchange fees paid by merchants, saying Tuesday that the deal fell short of making real change.
July 23, 2012
Target Says $7B Visa, MasterCard Settlement A Raw Deal

Target Corp. on Friday came out against a recent $7.25 billion settlement in antitrust multidistrict litigation against Visa Inc. and MasterCard Inc. over interchange, or swipe, fees paid by merchants, saying the deal would actually hurt consumers and retailers alike.
July 20, 2012
Attys In $7.25B Visa, Mastercard Case Ask To Drop Trade Group

The head lawyers representing a class of merchants in their proposed $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. on Thursday moved to drop a trade association as a client, saying they can't represent the group anymore since it opposes the deal.
July 13, 2012
Visa, MasterCard To Pay $7.25B To Settle Card-Fee MDL

Credit card companies Visa Inc. and MasterCard Inc. and a slew of banks agreed Friday to a $7.25 billion settlement ending class allegations in a sprawling multidistrict litigation in New York that they artificially inflated the prices of interchange fees paid by merchants.
November 02, 2011
Visa, MasterCard, Banks Call Card-Fee MDL Groundless

Credit card companies Visa Inc. and MasterCard Inc. and a host of banks fought antitrust and other allegations from a sprawling multidistrict litigation over interchange fees on Wednesday, arguing to a New York federal judge that the merchant plaintiffs have no grounds for their case.
August 30, 2010
EU Docs Off-Limits In Interchange Fee MDL, Court Says

A federal judge has refused to force Visa Inc. and MasterCard Inc. to turn over official records from the European Commission's antitrust investigation of their interchange fee practices to U.S. plaintiffs, ruling that the law of international comity favored protecting the confidentiality of the European proceedings.
July 29, 2010
Visa May Face DOJ Antitrust Suit Over Surcharge Rules

The U.S. Department of Justice is considering launching an antitrust suit against Visa Inc. over its rules preventing merchants from charging customers for using credit cards, though the financial giant has said it is in talks to resolve both the government's concerns and similar claims in related litigation.
January 06, 2010
Fee MDL Plaintiffs Clamor For Visa, MasterCard EU Info

The plaintiffs in multidistrict antitrust litigation over payment card interchange fees have asked a judge to compel Visa Inc. to turn over a European Commission statement of objection and make MasterCard Inc. produce a record of a hearing before the commission.
May 21, 2009
Merchants Seek MasterCard, EU Settlement Info

Merchants in a consolidated antitrust suit against major payment card companies over interchange fees have asked that defendant MasterCard International Inc. be required to produce all communications with the European Commission regarding a settlement of an EU regulatory action over the fees.
February 23, 2009
Plaintiffs Widen Antitrust Case V. MasterCard, Visa

Plaintiffs in the multidistrict litigation over credit card interchange fees have hurled new price-fixing claims against Visa USA Inc. and expanded allegations that MasterCard Inc.’s and Visa’s initial public offerings violated antitrust laws.

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