Google Sues Visa, MasterCard After $5.7B Fee MDL Opt-Out
Law360, San Francisco (December 23, 2014, 7:44 PM EST) -- Google Inc. hit Visa Inc. and MasterCard Inc. with a new lawsuit in Texas federal court Tuesday, saying the credit card companies violated federal antitrust law by imposing supracompetitive interchange fees on the tech titan, echoing claims from a $5.7 billion settlement Google opted out of.
Between Jan. 1, 2004, and Nov. 28, 2012, Google accepted payments from customers using MasterCard and Visa cards, both of which required the company to pay the controversial fees, according to the complaint.
"Google Inc. and Google Payment Corp. have had to pay and have paid defendants' interchange fees and have abided by the related restraints...
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