Retailers Plan To Appeal $7.25B MasterCard, Visa Fee Deal

Law360, Los Angeles (January 2, 2014, 9:46 PM EST) -- The National Retail Federation said Thursday it would file a Second Circuit appeal after a New York federal judge approved a proposed $7.25 billion antitrust settlement over credit card companies' alleged conspiracy to fix prices for credit card swipe fees.

A spokesman for NRF — which represents department stores, home goods and other merchants in more than 45 countries — told Law360 it would lodge the appeal within the next two weeks, after submitting a notice to a New York federal court Thursday.

The settlement would...
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