Nixed $7B Swipe Fee Deal Sends Warning On Class Conflicts

By Jeff Zalesin (June 30, 2016, 10:03 PM EDT) -- The Second Circuit's decision on Thursday to invalidate Visa and MasterCard's $7.25 billion antitrust settlement over interchange fees does not change the legal standards for settling class actions, but it sends a powerful signal that class representatives can't get away with compromising someone else's fundamentally conflicting interests, experts say....

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