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Judge Refuses Stay Of Visa Fee Ruling

Law360 (August 8, 2007, 12:00 AM EDT) -- After dragging its heels for months on abolishing service termination fees the Manhattan district court had deemed anti-competitive, Visa USA Inc. saw its request for a stay pending its appeal of that decision shot down on Tuesday.

Judge Barbara Jones denied the credit card company's attempt to delay the enforcement of part of her June decision, which ruled that Visa’s bylaw allowing it to charge its top debit card issuers for switching over to MasterCard Inc. should be repealed because it breached a 2003 antitrust class...
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