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Wal-Mart Moves To Save $7B Visa, MasterCard Deal Opt-Outs

Law360, New York (July 3, 2014, 7:19 PM EDT) -- Wal-Mart Stores Inc. and several of its affiliates on Friday joined CVS Pharmacy Inc. and scores of other merchants who opted out of last year's historic $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc., to keep alive their suit to against the credit card giants for allegedly plotting to fix credit card swipe fees.

Responding to Visa's motion to dismiss last week, the Wal-Mart plaintiffs filed an opposition urging the New York federal court to keep its amended opt-out complaint, incorporating by reference the...
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