CVS Sues Visa, MasterCard Over Interchange Fee Fixing

Law360, New York (May 28, 2013, 8:30 PM EDT) -- CVS Pharmacy Inc. became the latest retailer Tuesday to launch a new antitrust suit against Visa Inc. and MasterCard Inc. over their allegedly anti-competitive transaction fees, after opting out of a $7.25 billion settlement in related multidistrict litigation.

CVS sued the credit card giants for damages, arguing that Visa and MasterCard each conspired with their own member banks in order to charge excessive, anti-competitive fees for processing credit and debit cards. The credit cards and their member banks then imposed certain restrictions on merchants in order...
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Case Title

In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation Assigned to: Judge Margo K. Brodie Referred to: Magistrate Judge James Orenstein Cause: 15:1 Antitrust Litigation


Case Number

1:05-md-01720

Court

New York Eastern

Nature of Suit

Anti-Trust

Judge

Judge Margo K. Brodie

Date Filed

October 20, 2005


Case Title

CVS Pharmacy, Inc. v. Visa, Inc. et al


Case Number

1:13-cv-03059

Court

New York Eastern

Nature of Suit

Anti-Trust

Judge

Margo K. Brodie

Date Filed

May 24, 2013

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