Class Action Takes Aim At MasterCard IPO

Law360, New York (May 24, 2006, 12:00 AM EDT) -- As MasterCard Inc. debuts on the New York Stock Exchange as a public entity Thursday, the second largest credit card company is already facing a new challenge over its initial public offering from an ongoing lawsuit.

The law firm Robins Kaplan Miller & Ciresi amended its class action complaint against MasterCard and Visa U.S.A. over interchange fees to include an objection to MasterCard’s IPO expected to raise $2.6 billion, claiming the New MasterCard Corp. will form a single entity that will continue to conceal the price...
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