Wal-Mart Criticizes Visa's Swipe Fee 'Retaliation' Suit

Law360, New York (September 16, 2013, 8:24 PM EDT) -- A Wal-Mart Stores Inc. attorney said in Brooklyn on Monday that Visa Inc. rushed to sue the world's largest retailer after it backed out of a proposed $7.25 billion class action settlement over credit card transaction fees in order to gain an unfair advantage in long-running swipe fee antitrust litigation.

The credit card company sued Wal-Mart in June, days after the retailer gave notice that it was opting out of the multibillion dollar settlement intended to end years of litigation over Visa and MasterCard Inc. interchange fees....
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