Retailers Want $7B Interchange Fee Deal Nixed On Misconduct

Law360, New York (July 27, 2015, 8:57 PM EDT) -- Wal-Mart Stores Inc., Amazon.com Inc. and other retail giants will ask a judge Tuesday to overturn the $7.25 billion antitrust settlement Visa Inc. and MasterCard Inc. reached over their interchange fees in light of the revelation that a former MasterCard lawyer and a plaintiffs' attorney shared confidential information in the multidistrict litigation.

Wal-Mart and other major retailers plan to ask a New York federal court to reopen and overturn the multibillion-dollar deal Visa, MasterCard and several banks reached with retailers challenging fees charged to process credit...
To view the full article, register now.