Judge Wants Prof To Help Him Mull $7B Visa, MasterCard Deal

Law360, New York (March 21, 2013, 6:06 PM EDT) -- New York federal judge may hire a New York University law professor and economist to help the court assess whether to approve a controversial $7.25 billion settlement in a case accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, the court said Wednesday.

U.S. District Judge John Gleeson asked the parties whether they had any objections to having professor Alan O. Sykes, who specializes in applying economics to legal issues, advise him "with respect to any economic issues that may arise in connection with...
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