Wal-Mart, Visa Want Antitrust Case Paused To Work On A Deal

Law360, New York (August 7, 2017, 7:01 PM EDT) -- Wal-Mart Stores Inc. and Visa Inc. on Friday asked a New York federal judge to stop the clock on their battle over card-swiping fees while they try to hammer out a settlement before discovery starts up after a nearly two-year hiatus.

The companies have dueling lawsuits springing from Wal-Mart's opting out of a $7.25 billion antitrust settlement in the interchange fee multidistrict litigation, which were stayed in 2015 to await the outcome of appeals to the settlement. Visa in 2013 sought declaratory relief in the Eastern District of New York in its suit against Wal-Mart, trying to block it from further...

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