In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

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Case overview

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Brian M. Cogan

Firms

Companies

Government Agencies

Sectors & Industries:

June 17, 2022
Costco Reaches Deal With Creditors, Banks In Swipe Fee MDL

Costco told a New York federal court Friday that it has reached a deal to end its direct action claims in 17-year-old multidistrict litigation accusing Visa, Mastercard and several banks of jointly maintaining a series of anti-competitive rules that cause merchants to pay high transaction fees.
September 28, 2021
Visa, Mastercard Swipe Fee MDL Gets Class Certification

A New York judge has partially granted class action status in multidistrict litigation accusing Visa, Mastercard and several U.S. banks of jointly maintaining a series of anti-competitive rules that cause merchants to pay high transaction fees.
June 28, 2021
Retail Groups, Walmart Can Intervene In Swipe Fee MDL

A New York federal judge ruled Monday that two retail trade groups and Walmart can intervene in multidistrict swipe fee litigation against Visa and Mastercard for the limited purpose of opposing certification of a mandatory class being sought by small retailers.
February 22, 2021
Visa Says IPOs Doom Retailers' Swipe Fee Suits

Visa and Mastercard are trying to shovel their way out from under an avalanche of antitrust claims that accuse them of hiking up the fees merchants pay when customers use a credit card by convincing the court to ditch all accusations dated after the credit giants went public.
March 05, 2020
Swipe Fee MDL Website Down Due To Ransomware Attack

The website for a multibillion-dollar swipe fee settlement with Visa, Mastercard and a group of banks is down due to a ransomware attack on legal services firm Epiq Global, counsel for the class has told a New York federal court.
December 17, 2019
Merchants' Attys Get Pared $537M Request In Swipe Fee MDL

The legal team that helped merchants secure a multibillion-dollar swipe fee settlement with Visa, Mastercard and a group of banks scored $523 million on Monday for their work in the protracted litigation, representing a slight reduction from their original request.
December 02, 2019
Big Banks Can't Dodge Merchants' Swipe Fee Claims

A New York federal judge has rejected Bank of America, Barclays and other big banks' effort to escape litigation over excessive swipe fees because she wasn't convinced they had withdrawn from the alleged conspiracy as they had claimed.
October 30, 2019
Verizon's Visa, Mastercard Swipe Fee Suit Meets Quick End

Verizon has settled all claims in its two-week-old suit accusing Visa and Mastercard of hiking the fees that merchants pay when customers use credit cards and now wants the case dismissed, the telecom giant told a New York federal judge.
August 15, 2019
Merchants' Ex-Atty Fights For Piece Of $6B Swipe-Fee Deal

An attorney who was kicked off the merchants' legal team in swipe-fee litigation against Visa, Mastercard and a handful of banks pressed a New York federal judge to let him back into the case Wednesday, as he insisted he's owed a portion of the $6 billion settlement.
August 01, 2019
Objectors Had No Role In $6B Swipe Fee Deal, Court Told

Merchants who secured a multibillion-dollar swipe fee settlement with Visa Inc., Mastercard Inc. and a group of banks urged a New York federal judge Wednesday not to grant legal fees to objectors to the original deal, arguing that the objectors played no part in increasing the payment amount.

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