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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 18, 2022

    Sears And Visa Ink Deal Ending Interchange Fee Dispute

    Sears has settled its dispute with Visa Inc. in an antitrust suit that accuses the banking giant of employing anti-competitive rules and restraints that cause merchants to overpay for transaction fees, according to a New York federal judge's order entered Friday that dismissed all claims.

  2. November 04, 2022

    Comcast, NBC Settle With Visa, Mastercard In Swipe Fees Suit

    NBCUniversal and Comcast have settled out of an antitrust suit that accuses Visa Inc. and Mastercard Inc. of employing anti-competitive rules and restraints that cause merchants to overpay for transaction fees, the parties told a New York federal court on Thursday.

  3. August 03, 2022

    Disney Settles Visa, Mastercard Fees Suit Days After Filing

    Less than a week after its filing, the Walt Disney Co. has settled its antitrust suit that had accused Visa Inc. and Mastercard Inc. of jointly employing a slew of anti-competitive rules and restraints that cause merchants to pay high transaction fees, the parties told the New York federal court Wednesday.

  4. June 17, 2022

    Costco Reaches Deal With Creditors, Banks In Swipe Fee MDL

    Costco told a New York federal court Friday that it has reached a deal to end its direct action claims in 17-year-old multidistrict litigation accusing Visa, Mastercard and several banks of jointly maintaining a series of anti-competitive rules that cause merchants to pay high transaction fees.

  5. September 28, 2021

    Visa, Mastercard Swipe Fee MDL Gets Class Certification

    A New York judge has partially granted class action status in multidistrict litigation accusing Visa, Mastercard and several U.S. banks of jointly maintaining a series of anti-competitive rules that cause merchants to pay high transaction fees.

  6. June 28, 2021

    Retail Groups, Walmart Can Intervene In Swipe Fee MDL

    A New York federal judge ruled Monday that two retail trade groups and Walmart can intervene in multidistrict swipe fee litigation against Visa and Mastercard for the limited purpose of opposing certification of a mandatory class being sought by small retailers.

  7. February 22, 2021

    Visa Says IPOs Doom Retailers' Swipe Fee Suits

    Visa and Mastercard are trying to shovel their way out from under an avalanche of antitrust claims that accuse them of hiking up the fees merchants pay when customers use a credit card by convincing the court to ditch all accusations dated after the credit giants went public.

  8. March 05, 2020

    Swipe Fee MDL Website Down Due To Ransomware Attack

    The website for a multibillion-dollar swipe fee settlement with Visa, Mastercard and a group of banks is down due to a ransomware attack on legal services firm Epiq Global, counsel for the class has told a New York federal court.

  9. December 17, 2019

    Merchants' Attys Get Pared $537M Request In Swipe Fee MDL

    The legal team that helped merchants secure a multibillion-dollar swipe fee settlement with Visa, Mastercard and a group of banks scored $523 million on Monday for their work in the protracted litigation, representing a slight reduction from their original request.

  10. December 02, 2019

    Big Banks Can't Dodge Merchants' Swipe Fee Claims

    A New York federal judge has rejected Bank of America, Barclays and other big banks' effort to escape litigation over excessive swipe fees because she wasn't convinced they had withdrawn from the alleged conspiracy as they had claimed.