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Attys Chided For Revealing Sealed Info In Visa Case

Law360 (April 14, 2009, 12:00 AM EDT) -- Counsel for class members in the antitrust litigation accusing Visa Inc. and MasterCard Inc. of forcing merchants to accept debit card transactions at supracompetitive prices should have sought the court's permission before disclosing sealed information related to a bid to securitize MasterCard's remaining $400 million in payment obligations from a $3 billion settlement deal, a federal judge said.

On Monday, Judge John Gleeson of the U.S. District Court for the Eastern District of New York ordered lead counsel to disclose the discount range related to the...
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