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

Law360, Wilmington (December 4, 2012, 6:18 PM EST) -- 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.

A week after U.S. District Judge John Gleeson gave his stamp of approval to a deal resolving claims that Visa and MasterCard assessed exorbitant transaction fees on merchants that accept their payment cards, more than a dozen...
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