January 25, 2013
As final approval of Visa Inc. and MasterCard Inc.'s $7.5 billion antitrust settlement nears, American Express Co. is resisting attempts to uncover information that could portend the effect of settlement-triggered surcharges on U.S. consumers, according to letters filed Thursday in New York.
December 11, 2012
The Second Circuit on Monday shot down Home Depot Inc.'s attempt to expedite a challenge to a $7.25 billion settlement reached to resolve class action allegations that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.
December 04, 2012
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.
November 30, 2012
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.
November 27, 2012
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.
November 20, 2012
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.
November 09, 2012
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.
November 08, 2012
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.
November 06, 2012
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.
November 01, 2012
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.