$7B MasterCard, Visa MDL Settlement Wins Initial OK

The Honorable John Gleeson granted preliminary approval to the settlement by order date November 27, 2012 in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL Docket No. 1720 (JG)(JO).

November 9, 2012

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.

All Content © 2003-2012, Portfolio Media, Inc.

Related Publications

October 22, 2020
No-Poach Antitrust Standard Unclear In Franchising
William Reiss, Matthew Geyer - Law360
October 1, 2020
How The Music Industry Can Weather COVID-19
Carly Kessler, Lauren Birkenstock - Law360
Fall 2020
Conservation Easement Deductions: How Recent Tax Law Developments Have Created A New Area of Legal Malpractice Litigation
Craig Weiner, Qian Julie Wang, Alexander Newman - REAL TALK: The Robins Kaplan Business Law Update Fall 2020
Fall 2020
Don’t Stop the Music: The Intersection Between Insurance and The Music Industry in the Era of COVID-19
Carly Kessler, Lauren Birkenstock - REAL TALK: The Robins Kaplan Business Law Update Fall 2020
Fall 2020
Facing Novel Legal Issues Concerning Facial Recognition Technology in 2020
Reena Jain - REAL TALK: The Robins Kaplan Business Law Update Fall 2020
Back to Top