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$544.8 Million in Attorneys’ Fees Awarded in Credit Card Class Action

The U.S. District Court for the Eastern District of New York has granted attorneys’ fees in the amount of $544.8 million, and expenses in the amount of $27,037,716.97, in the antitrust class action brought in 2005 by merchants against Visa, MasterCard, and a number of banks, alleging that the defendants...