Visa Faces Another Antitrust Suit Over Interchange Fees

Law360, London (September 1, 2020, 4:19 PM BST) -- Private club operator Soho House and others have sued Visa claiming they suffered losses, in the wake of a U.K. Supreme Court judgment that the transaction fees charged to merchants by the credit card giant were set at unlawful levels that restricted competition.

The High Court claim filed by Soho House UK Ltd., its home furnishings company and other merchants against Visa Inc. and several subsidiaries seeks financial damages for alleged violations of European Union and British antitrust law.

The lawsuit alleges that Visa set its system up so that the non-negotiable fees that Soho House and the other merchants were...

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!