September 01, 2015
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.
August 25, 2015
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.
August 19, 2015
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.
August 05, 2015
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.
July 27, 2015
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.
July 21, 2015
A New York federal judge was urged Tuesday to vacate a $32 million award handed to Gary Friedman of Friedman Law Group LLP for his representation of plaintiffs in the multibillion-dollar MasterCard Inc. and Visa Inc. swipe fee dispute, with merchants arguing he nearly compromised the settlement.
May 06, 2015
Several merchants objecting to the multibillion-dollar MasterCard Inc. and Visa Inc. swipe fee settlements urged a New York federal court on Monday to tack them on to an order requiring Willkie Farr & Gallagher LLP to fork over communications between an indicted former partner and a plaintiffs' attorney.
March 16, 2015
A New York federal judge Monday approved a disclosure agreement between Willkie Farr & Gallagher LLP and parties in multidistrict litigation over Visa, MasterCard and American Express credit card swipe fees to determine whether emails between a former Willkie partner indicted for fraud and a plaintiffs' attorney compromised the integrity of two settlements.
June 23, 2014
Visa Inc., MasterCard Inc. and a group of merchants are mulling a plan to allow class members who opted out of the interchange fee antitrust settlement to rejoin the $5.7 billion deal, the parties said Friday.
June 17, 2014
A group of hundreds of merchants, banks and health care providers on Monday asked the Second Circuit to reverse a $7.25 billion antitrust settlement over Visa Inc. and MasterCard Inc.'s swipe fees, saying it releases future antitrust claims, lacks class cohesion and prohibits members from pursuing individualized claims.