Unethical Attys Tainted Swipe Fee Deals, Retailers Say

Law360, New York (June 29, 2015, 7:37 PM EDT) -- An unethical relationship between a former MasterCard Inc. lawyer and a plaintiffs attorney that resulted in their sharing confidential information irrevocably tainted multibillion-dollar swipe fee settlements with MasterCard, Visa Inc. and American Express Co., an attorney representing major retailers told a New York federal court Monday.

Representatives for 7-Eleven Inc., Home Depot Inc., Target Corp. and other merchants renewed their attacks on the credit card settlements at a hearing Monday in Manhattan. The settlements have been under intense scrutiny after it was revealed earlier this year...
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