MasterCard Can't Put £400M UK Antitrust Case On Hold

Law360, New York (May 8, 2013, 5:39 PM EDT) -- A British court ruled Friday that retailers seeking nearly £400 million ($621 million) from MasterCard Inc. over its multilateral interchange fees don't need to wait for the result of the credit card giant's related European Union antitrust appeal to pursue their case.

Justice Richard Field refused to stay the case brought by a dozen retailers seeking damages based in part on the European Commission's decision that MasterCard's interchange fees inflated the actual costs of processing transactions and thwarted competition.

"In my judgment, on weighing the relevant...
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