Oil, Gas Retailers Worry Swipe Fee Deal Curtails Claims

Law360 (November 21, 2018, 4:48 PM EST) -- Three retail gasoline trade groups objected in New York federal court Wednesday to a class action settlement with credit card issuers and banks over swipe fees, saying they're worried stores affiliated with oil refiners will get excluded from claim eligibility.

The National Association of Shell Marketers, the Petroleum Marketers Association of America and the Society of Independent Gasoline Marketers of America filed a brief opposing the recent settlement, which adds $900 million to $5.3 billion set aside in a deal reached more than six years ago. That earlier agreement got tossed out by the Second Circuit.

The three groups told the...

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