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:

September 10, 2013
Merchants To Face Off Over $7B Interchange Fee Deal

Proponents and critics of a $7.25 billion antitrust settlement over Visa Inc.'s and MasterCard Inc.'s interchange fees are set to square off in federal court at a fairness hearing Thursday, where the focus is likely to be on a few key questions about class certification and a proposed injunction designed to adjust the companies' merchant policies.
September 05, 2013
Critics Of $7B Visa, MasterCard Deal Say Expert On Their Side

A group of companies objecting to a $7.25 billion deal in multidistrict litigation over Visa Inc.'s and MasterCard Inc.'s interchange fees argued Wednesday that a recent report from the court-appointed economic expert support their challenge to the antitrust settlement.
September 03, 2013
Visa, Mastercard Deals Inked At Expense Of Class, Court Told

A slew of companies objecting to a $7.25 billion antitrust settlement in multidistrict litigation over Visa Inc. and MasterCard Inc.'s interchange fees claimed Friday that several retailers who inked separate deals with the credit card companies may have done so at the expense of the class.
August 29, 2013
$7B Antitrust Deal May Be Best Bet For Merchants: Expert

The proposed $7.25 billion antitrust settlement retailers have wrought from Visa Inc. and MasterCard Inc. over interchange fees may be a reasonable deal for the plaintiffs given the substantial risks of taking the case to trial, a court-appointed economics expert said Wednesday.
August 21, 2013
Target, Macy's Seek Docs For $7B Visa Deal Challenge

Target Corp. and others fighting a $7.25 billion settlement of a class action alleging Visa Inc. and MastarCard Inc. charged merchants excessive swipe fees challenged Tuesday a ruling they claim will unfairly limit their response to a report being put together by a court-appointed expert.
August 16, 2013
Visa, MasterCard Seek Help On Target Card Fee Fight

MasterCard Inc. and Visa Inc. on Wednesday asked the judge weighing the companies' $7.25 billion interchange fee antitrust settlement for help wrangling an opt-out suit brought by Target Corp. and other retailers.
July 03, 2013
Objectors Of $7B Swipe Fee Deal Can't Cross-Examine Expert

The New York federal judge considering multidistrict antitrust litigation over swipe fees charged by Visa Inc. and MasterCard Inc. said Tuesday that a court-appointed economic expert could not be cross-examined, denying a request from objectors to a proposed $7.25 billion settlement in the case.
June 25, 2013
Foes Of $7B Swipe Fee Deal Want Expert Report In Writing

Objectors to a proposed $7.25 billion class action settlement of antitrust allegations over swipe fees charged by Visa Inc. and MasterCard Inc. told a New York federal judge Monday that a court-appointed economic expert should issue written findings that can be cross-examined.
June 14, 2013
Swarovski Calls $7B Interchange Fee Deal A Catch-22

Swarovski's North American operations on Thursday joined the chorus of retailers opposing a $7.25 billion settlement in the interchange fee antitrust litigation, arguing that the provision allowing merchants to charge customers extra to accept Visa Inc. and MasterCard Inc. cards was a double-edged sword.
May 29, 2013
State AGs Object To $7B Visa, MasterCard Swipe Fee Deal

Major trade organizations, some of the nation's largest retailers and nine state attorneys general filed objections Tuesday to a $7.25 billion settlement agreement with Visa Inc. and MasterCard Inc. in a multidistrict litigation pending in New York federal court over allegedly anti-competitive credit and debit card transaction fees.

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