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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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April 29, 2024
Target, Grubhub Say Visa, Mastercard Fee Deal Is A Scam

Visa and Mastercard's settlement to slash their merchant fees by some $30 billion over the next several years has no fans in Target and Grubhub, who told the judge overseeing the long-running antitrust litigation that the deal isn't fair to anyone except the credit titans.
April 11, 2024
Visa Beats Some Merchant Claims In Antitrust MDL

A New York federal judge has trimmed claims lodged by Home Depot and other merchants against Visa and several banks in sprawling multidistrict antitrust litigation dating back to 2005 over network rules forcing merchants to accept the companies' cards.
March 26, 2024
Visa, Mastercard Cut Deal In Long-Running Swipe Fee Dispute

Visa and Mastercard reached a settlement Tuesday that merchants in a long-running antitrust case say will reduce fees by $30 billion over the next several years, while eliminating restrictions on steering customers to cheaper payment options.
March 08, 2024
Visa, Mastercard's Standing Challenge Fails In Swipe Fee Case

A New York federal judge in a newly unsealed order rejected Visa and Mastercard's bid for summary judgment that claimed that merchants suing the card companies over allegedly anticompetitive conduct lack standing to do so under U.S. Supreme Court precedent.
February 29, 2024
Amazon Cuts Deals With Mastercard, Banks In Fee MDL

Amazon told a New York federal court Thursday that it has reached settlement agreements with Mastercard and several banks, after reaching a previous deal with Visa, over allegations that anti-competitive conduct by the card companies and banks caused the online retail giant to overpay for transaction fees.
February 28, 2024
Objectors Want $1M Atty Fees In $5.6B Swipe Fees Settlement

Class members who initially objected to a $5.6 billion settlement with Visa and Mastercard have told a New York federal judge they are seeking nearly $1 million in legal fees for "enhancing the adversary process, sharpening the debate, and pursuing meritorious appeals in this litigation over the past eleven years."
February 14, 2024
Visa Says $5B Swipe Fee Deal Blocks Intuit, Square Claims

Visa and Mastercard have asked a New York federal court to throw out antitrust claims brought by Intuit and Square, arguing that their claims were released as part of the $5.6 billion class action settlement the credit card companies finalized with merchants last year.
January 23, 2024
'More Than Enough' Amex Evidence For Visa, Mastercard Trial

Visa and Mastercard appear bound for trial on antitrust claims over network rules forcing merchants to accept the companies' cards without the ability to steer consumers to cheaper swipe fee options, under a New York federal judge's ruling unsealed Monday finding sufficient evidence under a key high court precedent.
December 14, 2023
Phony Card Fee Settlement Site Must Shut Down, Judge Says

A website set up in a purported effort to exploit a $5.6 billion settlement between Visa Inc. and Mastercard Inc. and merchants — including by means of a Snoop Dogg soundalike message — must immediately stop doing that in any form, a Brooklyn federal judge said Thursday.
November 29, 2023
Judge Says Credit Card Fee Claim Site Should Be Shuttered

A purported scam settlement claims website allegedly attempting to profiteer off a $5.6 billion settlement between Visa Inc. and Mastercard Inc. and merchants should come down immediately, a federal magistrate judge has determined, citing details about the scheme including a Snoop Dogg soundalike message used to convince would-be customers to use the site.

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