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In re Payment Card Interchange
Case Number:
12-4671
Court:
Nature of Suit:
Companies
- 7-Eleven Inc.
- Abercrombie & Fitch Co.
- Accertify Inc.
- Affiliated Foods Midwest Cooperative Inc.
- Alon USA Energy Inc.
- Amazon.com Inc.
- American Eagle Outfitters Inc.
- American Express Co.
- Ascena Retail Group Inc.
- Bank of America Corp.
- Barclays PLC
- Barnes & Noble Education Inc.
- Best Buy Co. Inc.
- Big Lots Inc.
- BJ's Wholesale Club Holdings Inc.
- Bob Evans Farms, Inc.
- Capital One Financial Corp.
- Chico's FAS Inc.
- CHS Inc.
- Citigroup Inc.
- CKE Restaurants Inc.
- Consumer Reports Inc.
- Costco Wholesale Corp.
- Crate & Barrel Holdings Inc.
- Crystal Rock Holdings Inc.
- Darden Restaurants Inc.
- David's Bridal Inc.
- Dick's Sporting Goods Inc.
- Dollar Tree Inc.
- Drury Hotels Co. LLC
- Einstein Noah Restaurant Group, Inc.
- Fiesta Restaurant Group Inc.
- Fifth Third Bancorp
- First Data Corp.
- First National of Nebraska Inc.
- Foot Locker Inc.
- Genesco Inc.
- HMSHost Corporation
- HSBC Holdings PLC
- Inter IKEA Systems BV
- J.C. Penney Co. Inc.
- J. Crew Group Inc.
- JPMorgan Chase & Co.
- Kohl's Corp.
- Kwik Trip Inc.
- Lowe's Cos. Inc.
- Macy's Inc.
- Marathon Petroleum Corp.
- MasterCard Inc.
- Michaels Stores Inc.
- National Association of College Stores Inc.
- National Association of Convenience Stores
- National Community Pharmacists Association
- National Federation of Independent Business
- National Restaurant Association
- National Retail Federation Inc.
- Nike Inc.
- OfficeMax Inc.
- Panda Restaurant Group Inc.
- Panera Bread Co.
- P.C. Richard & Son
- Petco Animal Supplies Inc.
- PetSmart Inc.
- QVC Inc.
- RaceTrac Petroleum
- Retail Industry Leaders Association Inc.
- Saks Fifth Avenue LLC
- Sears Holdings Corp.
- Speedway LLC
- Starbucks Corp.
- Stein Mart, Inc.
- Sunoco LP
- Target Corp.
- The Gap Inc.
- The Home Depot Inc.
- The Neiman Marcus Group LLC
- The ODP Corp.
- Thermo Fisher Scientific Inc.
- The TJX Cos. Inc.
- Walmart Inc.
- Washington Mutual Inc.
- Wells Fargo & Co.
- Whole Foods Market Inc.
- Zappos.com Inc.
Government Agencies
Sectors & Industries:
-
December 01, 2016
$7B Visa-MasterCard Fee Deal Hits Supreme Court
A group of retailers have asked the U.S. Supreme Court to reconsider their landmark, $7.25 billion antitrust settlement with Visa and MasterCard after the Second Circuit nixed the interchange fee deal.
-
June 30, 2016
Nixed $7B Swipe Fee Deal Sends Warning On Class Conflicts
The Second Circuit's decision on Thursday to invalidate Visa and MasterCard's $7.25 billion antitrust settlement over interchange fees does not change the legal standards for settling class actions, but it sends a powerful signal that class representatives can't get away with compromising someone else's fundamentally conflicting interests, experts say.
-
June 30, 2016
$7B Visa, MasterCard Antitrust Deal Nixed By 2nd Circ.
The Second Circuit on Thursday overturned Visa and MasterCard's $7.25 billion antitrust settlement with retailers over swipe fees, finding that merchants who would accept the cards after the settlement date were not adequately represented.
-
November 25, 2015
Merchants Slam $7.25B Interchange Fee Deal's 'Limited' Relief
Attorneys for a slew of merchants told the Second Circuit Tuesday that a $7.25 billion settlement reached with Visa and MasterCard over interchange fees has "critical infirmities," saying the deal provides "limited and temporary" relief to the class but gives an "all-encompassing and perpetual" release to the defendants.
-
November 13, 2015
11th Circ. Ruling Doesn't Clear $7.25B Deal, 2nd Circ. Told
Dozens of retailers objecting to a $7.25 billion settlement reached with Visa and MasterCard over interchange fees told the Second Circuit on Thursday that an Eleventh Circuit decision striking down Florida's anti-surcharge law shows the settlement was inadequate, countering businesses claiming the decision proves the deal was fair.
-
September 28, 2015
Retailers Say Visa, MasterCard Aim To Buy Antitrust Immunity
Hundreds of retailers fighting Visa and MasterCard's landmark $7 billion interchange fee settlement told the Second Circuit Monday that the credit card giants were trying to buy perpetual antitrust immunity for their merchant rules.
-
September 25, 2015
2nd Circ. To Weigh Injunction In $7B Swipe Fee Deal
A slew of retailers will get their final chance Monday to tell the Second Circuit why it should nix a $7.25 billion antitrust settlement over credit card interchange fees in a showdown expected to focus on whether the landmark deal unduly forces all retailers to forfeit their rights to challenge Visa and MasterCard's rules in the future in exchange for a limited injunction.
-
August 25, 2015
Citi Slams Merchants' Update In $7B Swipe Fee Appeal
Citibank NA wrote to the Second Circuit on Monday to correct purported misstatements in a recent letter sent by merchants appealing a $7.25 billion settlement over credit card swipe fees updating the court about a similar case involving American Express Co. in which a settlement was recently thrown out because of attorney misconduct.