Opponents Of $7B Swipe Fee Deal Escape Contempt Finding

Law360, New York (May 3, 2013, 4:07 PM EDT) -- Trade groups opposing a proposed $7.25 billion settlement of an antitrust suit over swipe fees charged by Visa Inc. and MasterCard Inc. did not act in contempt of an order requiring changes to their websites, a New York federal judge ruled Friday.

U.S. District Judge John Gleeson decided not to hold six trade groups — including the National Association of Convenience Stores and the National Restaurant Association — in contempt of an April 11 order, in which he found that certain websites operated by the groups...
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