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$7B MasterCard, Visa MDL Settlement Wins Initial OK

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Law360, New York (November 09, 2012, 5:13 PM ET) -- A New York federal judge on Friday gave preliminary approval to Visa Inc. and MasterCard Inc.'s proposed $7.25 billion multidistrict litigation settlement over the companies' alleged collusion on interchange fees, paving the way for arguably the largest antitrust settlement in U.S. history.

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$7B MasterCard, Visa MDL Settlement Wins Initial OK