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In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation Assigned to: Chief Judge Margo K. Brodie Referred to: Magistrate Judge Joseph A. Marutollo Cause: 15:1 Antitrust Litigation

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Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

410 Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Chief Judge Margo K. Brodie

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Companies

Government Agencies

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  1. September 18, 2018

    Visa, Mastercard, Banks Ink New Deal In Swipe Fee Row

    Visa, Mastercard and several major banks will shell out up to another $900 million on top of $5.3 billion already paid to resolve a major chunk of an antitrust multidistrict litigation over card-swiping fees, in a New York federal court class action settlement with merchants announced on Tuesday.

  2. August 07, 2017

    Wal-Mart, Visa Want Antitrust Case Paused To Work On A Deal

    Wal-Mart Stores Inc. and Visa Inc. on Friday asked a New York federal judge to stop the clock on their battle over card-swiping fees while they try to hammer out a settlement before discovery starts up after a nearly two-year hiatus.

  3. October 19, 2016

    Firms Vie For Chance To Lead Visa, MasterCard Antitrust Suit

    Plaintiffs' attorneys on Wednesday packed a Brooklyn federal courtroom in opposing bids to take the lead as class counsel in marathon antitrust litigation targeting Visa and MasterCard, in the wake of the Second Circuit's rebuke of a $7.25 billion settlement over interchange fees.

  4. February 04, 2016

    Swipe Fee MDL Attys Say New Docs Can't Nix $7B Deal

    Co-lead counsel for retailers involved in swipe-fee antitrust litigation against Visa and MasterCard told a New York federal judge on Wednesday that recently produced documents about improper attorney communications aren't grounds to vacate a $7.25 billion settlement.

  5. September 02, 2015

    Ex-Willkie Farr Atty Admits To Info Sharing In $7B Deal

    A lawyer who represented Mastercard Inc. admitted in a New York federal court filing late Tuesday that she used information from opposing counsel in a $7.25 billion deal to settle multidistrict litigation over Mastercard, Visa Inc. and other banks' interchange fees. 

  6. September 01, 2015

    Visa Says Atty Misconduct Shouldn't Kill $7.25B MDL Deal

    MasterCard Inc., Visa Inc. and other banks tangled up in multidistrict litigation over credit card transaction fees fought Tuesday to keep a $7.25 billion settlement alive after a number of major retailers pushed a New York federal court to trash the deal over attorney misconduct.

  7. August 25, 2015

    Citi Slams Merchants' Update In $7B Swipe Fee Appeal

    Citibank NA wrote to the Second Circuit on Monday to correct purported misstatements in a recent letter sent by merchants appealing a $7.25 billion settlement over credit card swipe fees updating the court about a similar case involving American Express Co. in which a settlement was recently thrown out because of attorney misconduct.

  8. August 19, 2015

    Swipe-Fee Merchants Want Fees Despite Atty Misconduct

    A class of merchant plaintiffs in the multibillion-dollar swipe fee dispute involving several credit card companies urged a New York federal court on Tuesday not to grant a motion to vacate a fee award to an attorney under scrutiny for alleged improprieties, saying the motion was meritless.

  9. August 05, 2015

    AmEx Ruling Prompts Questions On $7B Interchange Fee Deal

    A judge revealed details Tuesday about the improper communications between a lead plaintiffs' attorney in an antitrust class action against American Express Co. and a MasterCard Inc. lawyer, leading to questions about whether that misconduct threatens a related $7.25 billion settlement with MasterCard Inc. and Visa Inc. that the pair worked on.

  10. July 27, 2015

    Retailers Want $7B Interchange Fee Deal Nixed On Misconduct

    Wal-Mart Stores Inc., Amazon.com Inc. and other retail giants will ask a judge Tuesday to overturn the $7.25 billion antitrust settlement Visa Inc. and MasterCard Inc. reached over their interchange fees in light of the revelation that a former MasterCard lawyer and a plaintiffs' attorney shared confidential information in the multidistrict litigation.

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