Ten of 19 retailers named in a class-action lawsuit against Visa (V), MasterCard (MA) and banks...

|About: Visa Inc. (V)|By:, SA News Editor

Ten of 19 retailers named in a class-action lawsuit against Visa (V), MasterCard (MA) and banks over processing fees are planning to object to a $6B settlement that was reached in July. A motion requesting preliminary approval of the deal is expected to be filed next week in in New York. Those opposed include the National Retail Federation, while Wal-Mart (WMT) and Target (TGT) have also criticized it.