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April 14, 2021Robins Kaplan Secures Asylum, Relative Petition for Somali Journalist
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April 12, 2021Robins Kaplan Executives Recognized by Twin Cities Business
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April 1, 2021Robert Bennett Named a Midwest Trailblazer
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April 28, 2021Creating the Audit Clause for Today’s Compliance Review
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April 29, 2021International Intellectual Property: Challenges of Cross-Border Litigation
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April 29, 2021Breakthrough Greater Boston Reflections on Resilience Virtual Gala
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April 13, 2021US Antitrust Regulators Should Foster Climate Collaboration
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April 2, 2021Prepare For Minn. Privacy Law To Catch Up To Calif., Wash.
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Spring 2021Fiduciary or Foe? Revisiting Meinhard v. Salmon
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April 15, 2021Financial Daily Dose 4.15.2021 | Top Story: Big Banks Deliver Huge Q1 Profits, Economic Optimism Despite Ongoing Challenges
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April 14, 2021Financial Daily Dose 4.14.2021 | Top Story: Crypto Exchange Coinbase Makes Public Debut on Nasdaq
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April 13, 2021Financial Daily Dose 4.13.2021 | Top Story: Ant Group Agrees to Sweeping Overhaul to Appease Chinese Regulators
Achieved Extraordinary $6.25 Billion Settlement in Interchange Fee Litigation
December 16, 2019
In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, 05-md-01720 (E.D.N.Y.)
Robins Kaplan, serving as plaintiffs’ co-lead counsel, reached a $6.25 billion antitrust settlement on behalf of a class of over 10 million U.S. merchants who have accepted Visa and Mastercard credit cards and debit cards for the purchase of goods and services. This settlement, the result of 15 years of litigation, is the largest known settlement of a private antitrust case in the 120-year history of the Sherman act. The defendants include Visa and Mastercard, as well as major card-issuing banks such as JPMorgan Chase, Bank of America, Citibank, Wells Fargo, and Capital One. The settlement, which is subject to possible reduction of up to $700 million in the event opt-outs exceed a certain threshold, was given final approval by the court in December 2019. Appeals are ongoing.
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