In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

Track this case

Case Number:

1:05-md-01720

Court:

New York Eastern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Margo K. Brodie

Firms

Companies

Government Agencies

Sectors & Industries:

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.
November 08, 2023
Attys In Credit Card Fee Suit Ask Court To Kill Claims Site

A suspicious website that purports to help people confirm settlement amounts related to long-running antitrust litigation against Visa and Mastercard and uses a voice message it claims was recorded by Snoop Dogg to support its activities has caught the attention of class counsel, who asked a federal court to intervene this week.
August 01, 2023
Franchisees Seek Own Subclass In Interchange Fees Case

A group of retail franchisees say anti-competitive conduct from Mastercard and Visa hurt their small businesses and asked a New York federal court to create a subclass in consolidated litigation against the credit card companies.
May 24, 2023
Lowe's Cuts Interchange Fee Deals With Mastercard, Banks

Home improvement retail chain Lowe's has cut settlement agreements with Mastercard and several banks, after a previous deal with Visa, over allegations that anti-competitive conduct by the card companies and banks caused the retailer to overpay for transaction fees.
May 19, 2023
Gas Stations Again Seek Own Spot In Visa, Mastercard Case

A pair of retail gas station franchisees latched onto a recent Second Circuit ruling to again argue that a potential conflict of interest between franchisees and franchisors warrants a distinct spot for them among class action plaintiffs pursuing long-running interchange fees antitrust litigation against Visa and Mastercard.
April 04, 2023
Lowe's Inks Deal With Visa In Transaction Fee Dispute

Home improvement retail chain Lowe's has agreed to toss its claims against payments giant Visa in litigation alleging that Visa's anti-competitive business practices force merchants to overpay for transaction fees, the parties told a Brooklyn federal judge Tuesday.
November 18, 2022
Sears And Visa Ink Deal Ending Interchange Fee Dispute

Sears has settled its dispute with Visa Inc. in an antitrust suit that accuses the banking giant of employing anti-competitive rules and restraints that cause merchants to overpay for transaction fees, according to a New York federal judge's order entered Friday that dismissed all claims.
November 04, 2022
Comcast, NBC Settle With Visa, Mastercard In Swipe Fees Suit

NBCUniversal and Comcast have settled out of an antitrust suit that accuses Visa Inc. and Mastercard Inc. of employing anti-competitive rules and restraints that cause merchants to overpay for transaction fees, the parties told a New York federal court on Thursday.
August 03, 2022
Disney Settles Visa, Mastercard Fees Suit Days After Filing

Less than a week after its filing, the Walt Disney Co. has settled its antitrust suit that had accused Visa Inc. and Mastercard Inc. of jointly employing a slew of anti-competitive rules and restraints that cause merchants to pay high transaction fees, the parties told the New York federal court Wednesday.
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.

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