$7.25B Antitrust Credit-Card-Fee Settlement Receives Final Approval

$7.25B Antitrust Credit-Card-Fee Settlement Receives Final Approval

NEW YORK - A federal judge in New York on Dec. 13 granted final approval to the $7.25 billion class action settlement between approximately 12 million merchants and Visa, MasterCard and a large number of banks that the proposed class alleges fixed the prices of interchange fees paid by merchants when customers use Visa and MasterCard credit cards (In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation $(All Cases$), No. 05-MD-1720, E.D. N.Y.).

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