WASHINGTON (AP) — The Supreme Court will not restore a $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees.
The justices did not comment Monday in leaving place a ruling by the federal appeals court in New York that tossed out the settlement in a lawsuit that began in 2005.
A group of 19 merchants and trade groups claimed in the lawsuit that Visa and MasterCard conspired to fix fees charged to stores for handling credit card payments.
A federal judge approved a settlement in 2013, but some retailers and consumer groups objected.
The 2nd U.S. Circuit Court of Appeals said the proposed settlement was unfair to merchants that wouldn’t have received any money.
- Posted March 29, 2017
- Tweet This | Share on Facebook
Court won't restore merchants' $7.25 billion swipe fees settlement
headlines Oakland County
- New lawyers v board
- SADO needs more, permanent staff for juvenile lifer cases, judiciary faces vacancies across the board
- Law school’s Expungement Fair helps 88 individuals
- Nessel urges residents to report threats, suspicious activity following Temple Israel attack
- Woman sentenced after pleading no contest to charge related to death of woman on I-696
headlines National
- Online shoppers find deals on the Temu app, but states say the trade-off is personal data
- Florida Bar reverses itself, says it is not investigating Lindsey Halligan
- Attorney indicted for trying to kill her husband of more than 25 years
- American Bar Association cites members’ needs in law firm intimidation hearing
- OpenAI sued for practicing law without a license
- Lindsey Halligan being investigated by the Florida Bar
