Visa, MasterCard Seek Help On Target Card Fee Fight

Law360, New York (August 16, 2013, 8:05 PM EDT) -- MasterCard Inc. and Visa Inc. on Wednesday asked the judge weighing the companies' $7.25 billion interchange fee antitrust settlement for help wrangling an opt-out suit brought by Target Corp. and other retailers.

The credit card giants wrote to U.S. District Judge John Gleeson asking him how best to try to apply releases from a similar settlement in an earlier multidistrict litigation to the opt-out suit that Target, Macy's Inc., J.C. Penney Corp. and a slew of other retailers recently filed.

The companies believe the case, which...
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