Retailers Retry For Cert. In Visa, AmEx Chip Fraud Risk Suit

Law360 (July 10, 2019, 4:28 PM EDT) -- Merchants suing Visa, American Express and other major card networks for allegedly conspiring to dump credit card fraud risk on retailers took their second swipe at class certification, insisting they've tightened up the definitions that a New York federal judge found lacking.

In a heavily redacted filing that was made public Tuesday, the proposed class of merchants ditched the open-ended timeline they had laid out to encompass the damage that Visa, AmEx, Mastercard and Discover allegedly inflicted when they shifted the risk amid the rollout of chip-enabled cards.

The group initially had "until the anticompetitive conduct ceases" to close out the...

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May 5, 2017

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