$7B Visa-MasterCard Fee Deal Hits Supreme Court

Law360, New York (December 1, 2016, 6:20 PM EST) -- A group of retailers have asked the U.S. Supreme Court to reconsider their landmark, $7.25 billion antitrust settlement with Visa and MasterCard after the Second Circuit nixed the interchange fee deal.

The class members who stood by the deal — which included a mix of damages and changes to the credit card companies' interchange fee rules for future transactions — filed a certiorari petition with the high court on Nov. 23.

The Second Circuit had nixed the settlement in the long-running multidistrict litigation in June, after...
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