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Case overview

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

410 Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Judge Brian M. Cogan

Firms

Companies

Government Agencies

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October 24, 2012
Visa, MasterCard's $7B Deal In Fee MDL Nears Approval

A New York federal judge on Wednesday indicated that he was leaning toward a preliminary approval of a $7.25 billion settlement that would resolve the long-running multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees.
October 19, 2012
Merchants Seek OK Of $7B Deal In Visa, MasterCard Fee MDL

Merchant plaintiffs in long-running multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees on Friday requested preliminary approval of a $7.25 billion settlement, setting up a fight with the large number of plaintiffs who oppose the deal.
October 12, 2012
Most Named Plaintiffs Oppose $7B Visa, MasterCard Fee Deal

The majority of the named plaintiffs in multidistrict litigation accusing Visa Inc. and MasterCard Inc. of colluding on interchange fees now oppose a proposed $7.25 billion settlement, the six trade group plaintiffs in the case said Friday.
September 25, 2012
Restaurants Latest To Rip $7B Visa, MasterCard Swipe Fee Deal

The National Restaurant Association on Tuesday criticized a proposed $7.25 billion settlement of allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees, making it the last of six trade group plaintiffs in antitrust multidistrict litigation to oppose the deal.
September 11, 2012
Opposition To $7B Visa, MasterCard Swipe Fee Deal Grows

Two retailer advocacy groups on Tuesday became the latest to oppose a proposed $7.25 billion settlement of multidistrict antitrust allegations that Visa Inc. and MasterCard Inc. charged excessive swipe fees, saying the deal would do nothing to prevent the companies from abusing the system.
August 22, 2012
Retail Group Opposes $7B Visa, MasterCard Antitrust Deal

The Retail Industry Leaders Association became the latest merchant group to oppose a $7 billion interchange fee antitrust settlement with Visa Inc. and MasterCard Inc. on Wednesday, as the judge overseeing the case limited the amount of time objectors will have to lodge challenges to the deal.
August 14, 2012
Opposition To $7B Interchange Fee Deal Riles Class Counsel

The plaintiffs' counsel that negotiated the $7.25 billion interchange fee settlement with Visa Inc. and MasterCard Inc. are upset with efforts by one of the suit's named plaintiffs and its new attorneys to rally opposition to the deal, letters unsealed Monday show.
August 09, 2012
Judge Sets October Deadline For $7B Card Swipe Fee Deal

A putative class of plaintiffs seeking approval for a record-setting $7.25 billion antitrust settlement with Visa Inc., MasterCard Inc. and a slew of banks over the companies' credit card interchange fees has until late October to formally file the deal, according to an order unsealed Thursday.
August 07, 2012
Durbin Rips $7B Visa, MasterCard Interchange Settlement

Sen. Richard Durbin, D-Ill., urged retailers Thursday to reject a $7.25 billion proposed settlement with Visa Inc. and MasterCard Inc. in antitrust multidistrict litigation over interchange fees paid by merchants, calling the deal a "stunning giveaway."
August 02, 2012
Pharmacy Group Opposes $7B Swipe Fee Antitrust Settlement

The $7.25 billion settlement resolving multidistrict antitrust allegations against Visa Inc. and MasterCard Inc. over their allegedly excessive swipe fees again faced scrutiny on Wednesday as a pharmacists group became the latest to oppose the deal, saying it was not in the best interest of its members.

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