Retailers Seek Class Cert. In Card Chip Antitrust Suit

Law360, New York (March 13, 2017, 5:34 PM EDT) -- A group of retailers has asked a California federal court to certify a class in a lawsuit alleging Visa, Mastercard, American Express and Discover conspired to unlawfully shift fraud liability to merchants, despite complications in switching to a new security chip system.

The merchants, which include supermarkets and a liquor store, said the evidence was clear that the credit card companies simultaneously implemented nearly identical changes to their rules that shifted the costs of potentially billions in fraud-related chargebacks onto merchants who had not purchased terminals compliant with so-called EMV — Europay, MasterCard, Visa — technology by October 2015.

"This evidence...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!