Visa, MasterCard To Pay $7.25B To Settle Card-Fee MDL

Law360, New York (July 13, 2012, 8:31 PM ET) -- Credit card companies Visa Inc. and MasterCard Inc. and a slew of banks agreed Friday to a $7.25 billion settlement ending class allegations in a sprawling multidistrict litigation in New York that they artificially inflated the prices of interchange fees paid by merchants.

If the settlement — believed to be the largest of a private antitrust case — is approved by a judge, the class of about 7 million merchants who accept Visa and MasterCard credit and debit cards will receive a payment of $6.05 billion...
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Case Information

Case Title

In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

Case Number



New York Eastern

Nature of Suit



John Gleeson

Law360 Coverage

Date Filed

October 20, 2005


Law Firms Mentioned

Companies Mentioned

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