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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. June 25, 2013

    Foes Of $7B Swipe Fee Deal Want Expert Report In Writing

    Objectors to a proposed $7.25 billion class action settlement of antitrust allegations over swipe fees charged by Visa Inc. and MasterCard Inc. told a New York federal judge Monday that a court-appointed economic expert should issue written findings that can be cross-examined.

  2. June 14, 2013

    Swarovski Calls $7B Interchange Fee Deal A Catch-22

    Swarovski's North American operations on Thursday joined the chorus of retailers opposing a $7.25 billion settlement in the interchange fee antitrust litigation, arguing that the provision allowing merchants to charge customers extra to accept Visa Inc. and MasterCard Inc. cards was a double-edged sword.

  3. May 29, 2013

    State AGs Object To $7B Visa, MasterCard Swipe Fee Deal

    Major trade organizations, some of the nation's largest retailers and nine state attorneys general filed objections Tuesday to a $7.25 billion settlement agreement with Visa Inc. and MasterCard Inc. in a multidistrict litigation pending in New York federal court over allegedly anti-competitive credit and debit card transaction fees.

  4. May 28, 2013

    CVS Sues Visa, MasterCard Over Interchange Fee Fixing

    CVS Pharmacy Inc. became the latest retailer Tuesday to launch a new antitrust suit against Visa Inc. and MasterCard Inc. over their allegedly anti-competitive transaction fees, after opting out of a $7.25 billion settlement in related multidistrict litigation.

  5. May 24, 2013

    First Data Lambastes $7B Interchange Fee Antitrust Deal

    Global payment processing company First Data Corp. moved Friday to opt out of the $7 billion interchange fee class action settlement, saying that it shouldn't be forced to give up its right to bring antitrust claims against Visa Inc. and MasterCard Inc.

  6. May 24, 2013

    Visa, MasterCard Sue Opponents Of $7B Swipe Fee Deal

    Visa Inc., MasterCard Inc. and several major lenders, including Bank of America NA, struck back Friday at retail trade associations objecting to a proposed $7.25 billion settlement over allegedly excessive credit card fees, asking a New York federal judge in a complaint to find their fee-setting practices lawful.

  7. 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.

  8. 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.

  9. 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.

  10. 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.