Foes Of $7B Swipe Fee Deal Want Expert Report In Writing

Law360, New York (June 25, 2013, 4:08 PM EDT) -- Objectors to a proposed $7.25 billion class action settlement of antitrust allegations over swipe fees charged by Visa Inc. and MasterCard Inc. told a New York federal judge Monday that a court-appointed economic expert should issue written findings that can be cross-examined.

A group of trade associations, retailers and others that oppose a proposed settlement of multidistrict antitrust litigation said the court should require Alan O. Sykes, a New York University law professor tapped to serve as an expert witness, to issue his findings in writing...
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