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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:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

  1. December 04, 2012

    Target, Macy's, Others To Appeal $7.3B Swipe Fee Deal

    Another group of retailers on Monday voiced objections to the $7.25 billion settlement approved in New York federal court resolving class allegations that Visa Inc. and MasterCard Inc. violated antitrust law by charging excessive transaction fees, with Target Corp., Macy's Inc. and others notifying of their plans to appeal.

  2. November 30, 2012

    Visa, MasterCard Oppose Delay On $7B Antitrust Settlement

    Visa Inc. and MasterCard Inc. on Thursday asked a New York federal court not to suspend approval of a $7.25 billion settlement resolving multidistrict litigation over allegedly excessive and anti-competitive swipe fees, arguing that retailers objecting to the settlement aren't likely to succeed in appealing it.

  3. November 27, 2012

    Retailers To Appeal $7B Visa, MasterCard Swipe Fee Deal

    A New York federal judge's approval of a $7.25 billion settlement ending multidistrict antitrust litigation against Visa Inc. and MasterCard Inc. over allegedly excessive swipe fees drew immediate opposition from a coalition of retail groups who said Tuesday they will appeal the payoff, which they labeled unfair.

  4. November 20, 2012

    Canadian Merchant Seeks Docs From US MasterCard, Visa Case

    The lead plaintiff in a Canadian antitrust case accusing Visa Inc., MasterCard Inc. and Canadian banks of conspiring to set merchant fee rates asked a New York federal court Monday for unfettered access to the docket in the U.S. multidistrict litigation that recently settled for $7.25 billion.

  5. November 09, 2012

    $7B MasterCard, Visa MDL Settlement Wins Initial OK

    A New York federal judge on Friday gave preliminary approval to Visa Inc. and MasterCard Inc.'s proposed $7.25 billion multidistrict litigation settlement over the companies' alleged collusion on interchange fees, paving the way for arguably the largest antitrust settlement in U.S. history.

  6. 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. 

  7. 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.

  8. 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.

  9. 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.

  10. 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.

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