We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Class Action Takes Aim At MasterCard IPO

Law360 (May 24, 2006, 12:00 AM EDT) -- As MasterCard Inc. debuts on the New York Stock Exchange as a public entity Thursday, the second largest credit card company is already facing a new challenge over its initial public offering from an ongoing lawsuit.

The law firm Robins Kaplan Miller & Ciresi amended its class action complaint against MasterCard and Visa U.S.A. over interchange fees to include an objection to MasterCard’s IPO expected to raise $2.6 billion, claiming the New MasterCard Corp. will form a single entity that will continue to conceal the price...
To view the full article, register now.