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Interchange Fees - Visa MasterCard

Related Lawyers: Brian A. Ratner, Reena A. Gambhir
Related Practice Areas: Antitrust / Competition

In the U.S., in In re Payment Card Interchange and Merchant Discount Antitrust Litigation, Master Docket No. 05-1720 (E.D.N.Y.), the Court approved a Class Action Settlement on December 13, 2013 among merchants, Visa, MasterCard, and other Defendants in the lawsuit.

The Settlement provides approximately $5.7 billion in monetary relief, as well as injunctive relief. Approximately 25% of merchants opted out of the Settlement and dozens of entities have appealed the Court’s Final Approval Order to the Second Circuit.  The claims process will not begin until all appeals have been resolved. Hausfeld lawyers have been advising clients regarding this historic settlement.

Information about the Settlement is available at https://www.paymentcardsettlement.com/en