Merchants To Face Off Over $7B Interchange Fee Deal

Law360, New York (September 10, 2013, 9:52 PM EDT) -- Proponents and critics of a $7.25 billion antitrust settlement over Visa Inc.'s and MasterCard Inc.'s interchange fees are set to square off in federal court at a fairness hearing Thursday, where the focus is likely to be on a few key questions about class certification and a proposed injunction designed to adjust the companies' merchant policies.

Combining a $6 billion cash payout and injunctive relief estimated to be worth about $1.2 billion, the deal is believed to be the largest antitrust settlement ever. The size of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.