Visa Settles With 13 Retailers In £500M UK Swipe Fees Trial

Law360, London (February 16, 2017, 12:23 PM GMT) -- Visa Inc. settled on Wednesday with 13 of the 14 retailers in a £500 million ($625 million) swipe fees antitrust damages case before judgment in its recent trial had been delivered, London's High Court heard on Thursday in a separate interchange fees suit.

Visa Inc. has settled with thirteen of the fourteen retailers in a £500 million ($625 million) swipe fees antitrust damages case, in which the companies had been seeking damages for overcharging bank-to-bank interchange fees on transactions. (AP) Lawyers representing both MasterCard Inc. and merchants including Asda Stores Ltd., New Look Retailers Ltd. and Arcadia Group discussed the settlements in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!