Visa Mastercard Swipe Fees Lawsuit Partly Settles
Visa and Mastercard have finally settled an antitrust class action lawsuit brought by merchants that has been in the judicial court system since 2005. The case consolidated about 40 class action lawsuits last year, bringing the caseload paperwork to a whopping 65 million pages. The proposed $6.2 billion settlement deal would be the largest class action settlement in an antitrust case. Needless to say, this is big news on many fronts....