Merchants Say Credit Card Liability Suit Shows Conspiracy

By Jeff Zalesin (May 20, 2016, 9:40 PM EDT) -- A proposed class of retailers told a California federal judge on Thursday that their suit accusing Visa, Bank of America and others of working together to shift credit card fraud risk to merchants during the rollout of microchip-enabled cards has plenty of allegations to show the existence of a conspiracy.

B&R Supermarket Inc. and other retailers asked U.S. District Judge William Alsup not to dismiss their antitrust case, which accuses credit card companies and banks of agreeing to make merchants handle "chargebacks" for fraudulent transactions if they failed to meet an unreasonable October 2015 deadline to get new new payment card...

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!