June 30, 2016Blog Posts

MasterCard-Visa Settlement With Retailers Is Overturned

The New York Times

A federal appeals court on Thursday overturned a historic antitrust settlement between retailers and Visa and MasterCard, reviving more than a decade of legal battles over processing fees. The United States Court of Appeals in Manhattan said that the lawyers represented retailers with competing interests in the settlement, which was once valued at $7.25 billion, one of the largest in antitrust history. The judges pushed the suit back to a lower court.

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