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:

October 30, 2019
Verizon's Visa, Mastercard Swipe Fee Suit Meets Quick End

Verizon has settled all claims in its two-week-old suit accusing Visa and Mastercard of hiking the fees that merchants pay when customers use credit cards and now wants the case dismissed, the telecom giant told a New York federal judge.
August 15, 2019
Merchants' Ex-Atty Fights For Piece Of $6B Swipe-Fee Deal

An attorney who was kicked off the merchants' legal team in swipe-fee litigation against Visa, Mastercard and a handful of banks pressed a New York federal judge to let him back into the case Wednesday, as he insisted he's owed a portion of the $6 billion settlement.
August 01, 2019
Objectors Had No Role In $6B Swipe Fee Deal, Court Told

Merchants who secured a multibillion-dollar swipe fee settlement with Visa Inc., Mastercard Inc. and a group of banks urged a New York federal judge Wednesday not to grant legal fees to objectors to the original deal, arguing that the objectors played no part in increasing the payment amount.
July 23, 2019
Swipe Fee Counsel Knocks Hotel Brands' Plan For $6B Deal

The legal team that helped merchants secure a multibillion-dollar swipe fee settlement with Visa Inc., Mastercard Inc. and a group of banks told a New York federal judge that it doesn't think hotel brands planning to opt out of the deal should be able to make that decision for their franchisees as well.
June 25, 2019
Outside Personal Injury Firm Faces Swipe-Fee Deal Ejection

A federal magistrate judge presiding over a $6.3 billion settlement with Visa, Mastercard and a group of banks over card swipe fees moved Tuesday to force a private injury lawyer to remove class member recruitment marketing language that the attorneys who negotiated the deal called "false and misleading."
June 11, 2019
Objectors Fighting Swipe Fee Counsel's $604M Payday

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.
June 10, 2019
Swipe Fee Counsel Seek $604M In Fees, Final Settlement OK

A class of merchants that sued Visa, Mastercard and a group of banks over card swipe fees has asked a Brooklyn federal judge to put her stamp of approval on a "historic" multibillion-dollar settlement and to approve a $604 million fee award.
April 19, 2019
Big Banks Say They Have 'No Part To Play' In Swipe Fee Suit

Bank of America, Barclays and other big banks under fire for allegedly saddling millions of merchants with excessive swipe fees argued that the rules governing those charges are set down by Visa and Mastercard, leaving the banks with "no part to play" in retailers' litigation to escape the fees.
January 29, 2019
Swipe Fee Deal Approved After Fixes For 2nd Circ. Concerns

A Brooklyn federal judge on Monday outlined her reasons for granting initial approval to a tweaked deal that would provide merchants up to $6.25 billion over allegations that Visa, Mastercard and several banks caused them to pay excessive fees on card transactions, after the courts scuttled a previous settlement.
January 24, 2019
Tweaked $900M Card Swipe Fee Deal Gets Initial Nod

A Brooklyn federal judge on Thursday gave initial approval for a tweaked deal between Visa, Mastercard, a group of banks and the merchants accusing them of charging excessive swipe fees, potentially adding $900 million to the $5.3 billion already shelled out over the claims.

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