In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

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Case overview

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Cause 15:1 Antitrust Litigation

Judge:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

February 28, 2024
Objectors Want $1M Atty Fees In $5.6B Swipe Fees Settlement

Class members who initially objected to a $5.6 billion settlement with Visa and Mastercard have told a New York federal judge they are seeking nearly $1 million in legal fees for "enhancing the adversary process, sharpening the debate, and pursuing meritorious appeals in this litigation over the past eleven years."
February 14, 2024
Visa Says $5B Swipe Fee Deal Blocks Intuit, Square Claims

Visa and Mastercard have asked a New York federal court to throw out antitrust claims brought by Intuit and Square, arguing that their claims were released as part of the $5.6 billion class action settlement the credit card companies finalized with merchants last year.
January 23, 2024
'More Than Enough' Amex Evidence For Visa, Mastercard Trial

Visa and Mastercard appear bound for trial on antitrust claims over network rules forcing merchants to accept the companies' cards without the ability to steer consumers to cheaper swipe fee options, under a New York federal judge's ruling unsealed Monday finding sufficient evidence under a key high court precedent.
December 14, 2023
Phony Card Fee Settlement Site Must Shut Down, Judge Says

A website set up in a purported effort to exploit a $5.6 billion settlement between Visa Inc. and Mastercard Inc. and merchants — including by means of a Snoop Dogg soundalike message — must immediately stop doing that in any form, a Brooklyn federal judge said Thursday.
November 29, 2023
Judge Says Credit Card Fee Claim Site Should Be Shuttered

A purported scam settlement claims website allegedly attempting to profiteer off a $5.6 billion settlement between Visa Inc. and Mastercard Inc. and merchants should come down immediately, a federal magistrate judge has determined, citing details about the scheme including a Snoop Dogg soundalike message used to convince would-be customers to use the site.
November 08, 2023
Attys In Credit Card Fee Suit Ask Court To Kill Claims Site

A suspicious website that purports to help people confirm settlement amounts related to long-running antitrust litigation against Visa and Mastercard and uses a voice message it claims was recorded by Snoop Dogg to support its activities has caught the attention of class counsel, who asked a federal court to intervene this week.
August 01, 2023
Franchisees Seek Own Subclass In Interchange Fees Case

A group of retail franchisees say anti-competitive conduct from Mastercard and Visa hurt their small businesses and asked a New York federal court to create a subclass in consolidated litigation against the credit card companies.
May 24, 2023
Lowe's Cuts Interchange Fee Deals With Mastercard, Banks

Home improvement retail chain Lowe's has cut settlement agreements with Mastercard and several banks, after a previous deal with Visa, over allegations that anti-competitive conduct by the card companies and banks caused the retailer to overpay for transaction fees.
May 19, 2023
Gas Stations Again Seek Own Spot In Visa, Mastercard Case

A pair of retail gas station franchisees latched onto a recent Second Circuit ruling to again argue that a potential conflict of interest between franchisees and franchisors warrants a distinct spot for them among class action plaintiffs pursuing long-running interchange fees antitrust litigation against Visa and Mastercard.
April 04, 2023
Lowe's Inks Deal With Visa In Transaction Fee Dispute

Home improvement retail chain Lowe's has agreed to toss its claims against payments giant Visa in litigation alleging that Visa's anti-competitive business practices force merchants to overpay for transaction fees, the parties told a Brooklyn federal judge Tuesday.

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