- A U.S. district judge declines to dismiss antitrust lawsuits filed against Visa (NYSE:V) and MasterCard (NYSE:MC) by retailers who opted out of a ~$5.7B class action settlement in 2012 over transaction fees.
- The same judge in December approved the card companies’ settlement with a nationwide class of merchants in a lawsuit alleging antitrust claims over the fees, but several merchants including Target (NYSE:TGT) and Macy’s (NYSE:M) pursued cases after dropping out of the settlement.
- V and MC argued the lawsuits should be barred by legal releases in an earlier settlement in 2003 and because the merchants don’t directly pay fees to banks that issue V and MC branded cards.
From other sites
at CNBC.com (Mar 24, 2015)
at MarketRealist.com (Mar 23, 2015)
at 4-traders.com (Mar 23, 2015)
at Zacks.com (Mar 3, 2015)
at Zacks.com (Mar 2, 2015)
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