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In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

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Case overview

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Chief Judge Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

  1. November 08, 2012

    Judge To Mull $7B Settlement In Visa, MasterCard Fee MDL

    The judge overseeing a long-running multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees is set to hold a hearing Friday to consider preliminarily approving a $7.25 billion settlement that has fiercely divided the plaintiffs in the litigation. 

  2. November 06, 2012

    ATM Operators Want Out Of $7B Visa, MasterCard Fee Deal

    A group of independent ATM operators asked a New York federal court Monday to exclude them from a proposed $7.25 billion settlement in multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, saying the settlement could threaten their claims in another suit against the credit card giants.

  3. November 01, 2012

    Merchants Oppose $7B Visa, MasterCard Interchange Fee Deal

    Nearly 1,200 U.S. merchants, including Wal-Mart Stores Inc., Starbucks Corp. and Target Corp., on Thursday objected to a proposed $7.25 billion settlement that would resolve multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, saying the settlement wouldn't resolve the underlying antitrust behavior the litigation was intended to fix.

  4. October 24, 2012

    Visa, MasterCard's $7B Deal In Fee MDL Nears Approval

    A New York federal judge on Wednesday indicated that he was leaning toward a preliminary approval of a $7.25 billion settlement that would resolve the long-running multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees.

  5. October 19, 2012

    Merchants Seek OK Of $7B Deal In Visa, MasterCard Fee MDL

    Merchant plaintiffs in long-running multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees on Friday requested preliminary approval of a $7.25 billion settlement, setting up a fight with the large number of plaintiffs who oppose the deal.

  6. October 12, 2012

    Most Named Plaintiffs Oppose $7B Visa, MasterCard Fee Deal

    The majority of the named plaintiffs in multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees now oppose a proposed $7.25 billion settlement, the six trade group plaintiffs in the case said Friday.

  7. September 25, 2012

    Restaurants Latest To Rip $7B Visa, MasterCard Swipe Fee Deal

    The National Restaurant Association on Tuesday criticized a proposed $7.25 billion settlement of allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees, making it the last of six trade group plaintiffs in antitrust multidistrict litigation to oppose the deal.

  8. September 11, 2012

    Opposition To $7B Visa, MasterCard Swipe Fee Deal Grows

    Two retailer advocacy groups on Tuesday became the latest to oppose a proposed $7.25 billion settlement of multidistrict antitrust allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees, saying the deal would do nothing to prevent the companies from abusing the system.

  9. August 22, 2012

    Retail Group Opposes $7B Visa, MasterCard Antitrust Deal

    The Retail Industry Leaders Association became the latest merchant group to oppose a $7 billion interchange fee antitrust settlement with Visa Inc. and MasterCard Inc. on Wednesday, as the judge overseeing the case limited the amount of time objectors will have to lodge challenges to the deal.

  10. August 14, 2012

    Opposition To $7B Interchange Fee Deal Riles Class Counsel

    The plaintiffs' counsel that negotiated the $7.25 billion interchange fee settlement with Visa Inc. and MasterCard Inc. are upset with efforts by one of the suit's named plaintiffs and its new attorneys to rally opposition to the deal, letters unsealed Monday show.

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