Swarovski Calls $7B Interchange Fee Deal A Catch-22

Law360, New York (June 14, 2013, 5:38 PM EDT) -- Swarovski's North American operations on Thursday joined the chorus of retailers opposing a $7.25 billion settlement in the interchange fee antitrust litigation, arguing that the provision allowing merchants to charge customers extra to accept Visa Inc. and MasterCard Inc. cards was a double-edged sword.

Several U.S. Swarovski units — including Signity Americas Ltd., which runs Swarovski's genuine gemstones brand — told the New York federal court reviewing the settlement that the deal did little to address the core price-fixing claims at the heart of the suit...
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