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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

15:1 Antitrust Litigation

Judge:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

  1. May 21, 2013

    Starbucks, Wal-Mart Reject $7B Swipe Fee Settlement

    Nineteen of the nation's largest retailers, including Starbucks Corp. and Wal-Mart Stores Inc., announced Tuesday that they would opt out of a $7.25 billion settlement intended to resolve multidistrict antitrust litigation alleging Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.

  2. May 03, 2013

    Opponents Of $7B Swipe Fee Deal Escape Contempt Finding

    Trade groups opposing a proposed $7.25 billion settlement of an antitrust suit over swipe fees charged by Visa Inc. and MasterCard Inc. did not act in contempt of an order requiring changes to their websites, a New York federal judge ruled Friday.

  3. May 01, 2013

    Foes Of $7B Swipe-Fee Deal Say They Obeyed Website Order

    Trade groups objecting to a proposed $7.25 billion settlement of an antitrust suit over swipe fees charged by Visa Inc. and MasterCard Inc. denied Tuesday that they have acted in contempt of a New York federal court order requiring changes to their websites.

  4. April 25, 2013

    Opponents Of $7B Swipe-Fee Deal Face Contempt Finding

    A New York federal judge said Wednesday that trade groups objecting to a proposed $7.25 billion settlement of antitrust class claims against Visa Inc. and MasterCard Inc. over swipe fees must explain why they haven't yet followed an order to correct misleading information on their websites.

  5. April 12, 2013

    Merchants' Attys Seek $720M In Fees In Visa, MasterCard MDL

    Counsel for merchants in multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc. asked a New York federal judge Thursday to award $720 million in attorneys' fees, which would come out of a proposed settlement in the case.

  6. April 11, 2013

    Foes Of $7B Swipe Fee Deal Ordered To Correct Websites

    Websites criticizing a proposed $7.25 billion settlement of antitrust allegations against Visa Inc. and MasterCard Inc. over swipe fees that contain misleading information that must be corrected, a New York Federal judge ruled Thursday.

  7. April 11, 2013

    Retail Group To Sit Out $7B Visa, MasterCard Swipe Fee Deal

    A trade association representing major retailers confirmed Thursday that it will opt out of a proposed $7.25 billion settlement in multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc., calling the agreement a raw deal for U.S. retailers.

  8. April 10, 2013

    Judge Taps NYU Prof To Help Mull $7B Visa, MasterCard Deal

    A New York federal judge on Monday appointed an independent expert to provide advice regarding a proposed $7.25 billion class action settlement meant to resolve allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees to merchants that accept their cards.

  9. March 29, 2013

    ATM Operators Call $7B Interchange Fee Deal Too Broad

    An ATM industry group objected Friday to Visa Inc. and MasterCard Inc.'s $7.25 billion antitrust class action settlement, warning that the controversial deal improperly lumped ATM operators in with the merchants who originally targeted the credit card companies' interchange fees.

  10. March 21, 2013

    Judge Wants Prof To Help Him Mull $7B Visa, MasterCard Deal

    New York federal judge may hire a New York University law professor and economist to help the court assess whether to approve a controversial $7.25 billion settlement in a case accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, the court said Wednesday.

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