Visa Says IPOs Doom Retailers' Swipe Fee Suits

Law360 (February 22, 2021, 9:47 PM EST) -- Visa and Mastercard are trying to shovel their way out from under an avalanche of antitrust claims that accuse them of hiking up the fees merchants pay when customers use a credit card by convincing the court to ditch all accusations dated after the credit giants went public.

Target, 7-Eleven and a host of other big-name retailers have accused Visa Inc. and Mastercard Inc. of structural conspiracies to keep so-called swipe fees high, but the credit companies say that their accusations are based on the corporate structures that they were operating under before their respective initial public offerings more than a...

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