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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:

Chief Judge Margo K. Brodie

Firms

Companies

Government Agencies

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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and other big banks' effort to escape litigation over excessive swipe fees because she wasn't convinced they had withdrawn from the alleged conspiracy as they had claimed.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.
July 23, 2019
Swipe Fee Counsel Knocks Hotel Brands' Plan For $6B Deal

The legal team that helped merchants secure a multibillion-dollar swipe fee settlement with Visa Inc., Mastercard Inc. and a group of banks told a New York federal judge that it doesn't think hotel brands planning to opt out of the deal should be able to make that decision for their franchisees as well.
June 25, 2019
Outside Personal Injury Firm Faces Swipe-Fee Deal Ejection

A federal magistrate judge presiding over a $6.3 billion settlement with Visa, Mastercard and a group of banks over card swipe fees moved Tuesday to force a private injury lawyer to remove class member recruitment marketing language that the attorneys who negotiated the deal called "false and misleading."
June 11, 2019
Objectors Fighting Swipe Fee Counsel's $604M Payday

Merchants who successfully challenged a $7.25 billion settlement with Visa, Mastercard and a group of banks over card swipe fees want a piece of the attorney fees generated by the newly minted $6.3 billion deal, telling a Brooklyn federal judge Monday the latest agreement was made possible by their objection.
June 10, 2019
Swipe Fee Counsel Seek $604M In Fees, Final Settlement OK

A class of merchants that sued Visa, Mastercard and a group of banks over card swipe fees has asked a Brooklyn federal judge to put her stamp of approval on a "historic" multibillion-dollar settlement and to approve a $604 million fee award.
April 19, 2019
Big Banks Say They Have 'No Part To Play' In Swipe Fee Suit

Bank of America, Barclays and other big banks under fire for allegedly saddling millions of merchants with excessive swipe fees argued that the rules governing those charges are set down by Visa and Mastercard, leaving the banks with "no part to play" in retailers' litigation to escape the fees.

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