April 12, 2013
Counsel for merchants in multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc. asked a New York federal judge Thursday to award $720 million in attorneys' fees, which would come out of a proposed settlement in the case.
April 11, 2013
Websites criticizing a proposed $7.25 billion settlement of antitrust allegations against Visa Inc. and MasterCard Inc. over swipe fees that contain misleading information that must be corrected, a New York Federal judge ruled Thursday.
April 11, 2013
A trade association representing major retailers confirmed Thursday that it will opt out of a proposed $7.25 billion settlement in multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc., calling the agreement a raw deal for U.S. retailers.
April 10, 2013
A New York federal judge on Monday appointed an independent expert to provide advice regarding a proposed $7.25 billion class action settlement meant to resolve allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees to merchants that accept their cards.
March 29, 2013
An ATM industry group objected Friday to Visa Inc. and MasterCard Inc.'s $7.25 billion antitrust class action settlement, warning that the controversial deal improperly lumped ATM operators in with the merchants who originally targeted the credit card companies' interchange fees.
March 21, 2013
New York federal judge may hire a New York University law professor and economist to help the court assess whether to approve a controversial $7.25 billion settlement in a case accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees, the court said Wednesday.
February 22, 2013
The National Grocers Association said Thursday its board has voted to oppose a $7.25 billion settlement intended to resolve a multidistrict antitrust litigation alleging that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.
February 04, 2013
A federal magistrate judge refused Friday to force American Express Co. to turn over documents to the class plaintiffs as they fight to secure approval for a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over interchange fee charges.
January 25, 2013
As final approval of Visa Inc. and MasterCard Inc.'s $7.5 billion antitrust settlement nears, American Express Co. is resisting attempts to uncover information that could portend the effect of settlement-triggered surcharges on U.S. consumers, according to letters filed Thursday in New York.
December 11, 2012
The Second Circuit on Monday shot down Home Depot Inc.'s attempt to expedite a challenge to a $7.25 billion settlement reached to resolve class action allegations that Visa Inc. and MasterCard Inc. charged excessive fees to merchants that accept the companies' cards.