Law360, New York (June 19, 2007, 12:00 AM ET) -- A district judge has ruled that Visa USA’s bylaw allowing it to charge its top debit card issuers for switching over to MasterCard Inc. should be repealed because it breaches a 2003 antitrust class action settlement.
On Friday, Judge Barbara Jones of the U.S. District Court for the Southern District of New York agreed with a report by the special master that determined Visa’s special fee violated the settlement.
She decided this month to amend her previous order, which required Visa to allow any of its...
Judge Orders Repeal Of Visa Bylaw For Card Issuers
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