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Objectors Fighting Swipe Fee Counsel's $604M Payday

Law360 (June 11, 2019, 4:50 PM EDT) -- Merchants who successfully challenged a $7.25 billion settlement with Visa, Mastercard and a group of banks over card swipe fees want a piece of the attorney fees generated by the newly minted $6.3 billion deal, telling a Brooklyn federal judge Monday the latest agreement was made possible by their objection.

Counsel for the merchant objectors said in a letter that they'll be filing a formal objection to the bid for $604 million in attorney fees sought last week by the class counsel, who are vying for final approval of the $6 billion deal tentatively approved earlier this year. The objection, according to...

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