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In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

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Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

  1. February 22, 2013

    Grocers Oppose $7B Visa, MasterCard Swipe Fee Settlement

    The National Grocers Association said Thursday its board has voted to oppose a $7.25 billion settlement intended to resolve a multidistrict antitrust litigation alleging that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.

  2. February 04, 2013

    AmEx Beats Subpoena Over $7B Interchange Antitrust Deal

    A federal magistrate judge refused Friday to force American Express Co. to turn over documents to the class plaintiffs as they fight to secure approval for a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over interchange fee charges.

  3. January 25, 2013

    AmEx Bucks Surcharge Queries In Visa-MasterCard Settlement

    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.

  4. December 11, 2012

    Home Depot Can't Rush Appeal In $7B Card Fee Deal: 2nd Circ.

    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.

  5. December 04, 2012

    Target, Macy's, Others To Appeal $7.3B Swipe Fee Deal

    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.

  6. November 30, 2012

    Visa, MasterCard Oppose Delay On $7B Antitrust Settlement

    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.

  7. November 27, 2012

    Retailers To Appeal $7B Visa, MasterCard Swipe Fee Deal

    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.

  8. November 20, 2012

    Canadian Merchant Seeks Docs From US MasterCard, Visa Case

    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.

  9. November 09, 2012

    $7B MasterCard, Visa MDL Settlement Wins Initial OK

    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.

  10. November 08, 2012

    Judge To Mull $7B Settlement In Visa, MasterCard Fee MDL

    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. 

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