December 13, 2013
A New York federal judge on Friday approved a proposed $7.25 billion antitrust settlement — believed to be the largest antitrust settlement ever — over Visa Inc. and MasterCard Inc.'s alleged conspiracy to fix prices for credit card swipe fees, resolving claims brought by a putative class of about 12 million merchants.
November 20, 2009
A federal judge has declined to allow Wells Fargo Retail Finance — as a secured creditor to certain bankrupt class members — to participate in a multibillion-dollar retailer antitrust settlement with Visa USA Inc. and MasterCard International Inc., saying that the lender was too late in filing its claim.
December 13, 2007
Constantine Cannon LLP and other firms representing the class of 5 million merchants that alleged Visa USA Inc. and MasterCard International Inc. illegally tied their debit products to their credit cards have received the green light to collect more than $1 million for their work on the case.
January 04, 2007
In a move that may resolve a drawn-out dispute stemming from a 2003 billion-dollar settlement fund in an antitrust class action against Visa USA Inc. and MasterCard International Inc., the U.S. Department of Justice has reached a proposed settlement with a class of merchants and the credit card giants.