August 04, 2015
A New York federal judge on Tuesday rejected a proposed class action settlement in the antitrust litigation merchants brought against American Express Co., saying the frequent exchange of confidential information that one of the lead plaintiffs' attorneys shared with counsel for MasterCard Inc. "smacks of blatant collusion."
July 30, 2015
Amazon.com Inc., Starbucks Corp. and Wal-Mart Stores Inc. have objected to the $7.25 billion antitrust settlement Visa Inc. and MasterCard Inc. reached over their interchange fees, arguing the plaintiffs were inadequately represented by an attorney who allegedly exchanged confidential information with a now-indicted lawyer representing their adversary.
July 29, 2015
Gary Friedman of Friedman Law Group LLP and two other class plaintiff attorneys in the American Express anti-steering antitrust multidistrict litigation told a New York federal court Wednesday that the recently disclosed communications between Friedman and a now-indicted former MasterCard attorney should have no bearing on the proposed settlement.
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.
June 29, 2015
An unethical relationship between a former MasterCard Inc. lawyer and a plaintiffs attorney that resulted in their sharing confidential information irrevocably tainted multibillion-dollar swipe fee settlements with MasterCard, Visa Inc. and American Express Co., an attorney representing major retailers told a New York federal court Monday.
June 15, 2015
Numerous retailers suing American Express Co. over alleged antitrust violations have urged a New York federal judge to reject a proposed settlement because it would allow the credit card issuer to avoid its "day of reckoning."
June 11, 2015
Co-lead counsel for retailers involved in multidistrict litigation against Visa Inc. and MasterCard Inc. assured a New York federal court Wednesday that a plaintiffs' attorney who was allegedly handed confidential information on MasterCard by a now-indicted lawyer played a minimal role in negotiating the parties' historic $7.25 billion antitrust settlement.
June 09, 2015
Target Corp. and other retailers challenging an antitrust settlement over American Express Co.'s credit card rules urged a New York federal court Monday to allow it to review numerous withheld documents pertaining to improper communications between an indicted former Willkie Farr & Gallagher LLP partner and a plaintiffs' attorney.
June 02, 2015
American Express Co. told a New York federal judge Monday to green light a settlement resolving two putative antitrust class actions challenging the company's credit card rules, saying the deal should still be approved even after the court recently sided with the government in a similar antitrust case against the credit giant.
June 01, 2015
Numerous retailers suing American Express Co. over its credit card rules said Monday a proposed class settlement has been exposed as unfair after a New York federal judge sided with the government in a similar antitrust case against the credit giant.