"The Visa/MasterCard Antitrust Settlement: A New Beginning?" by Amanda Segal

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April 17, 2017

The U.S. Supreme Court recently denied a petition to review a landmark billion dollar antitrust settlement between Visa and MasterCard and millions of retailers that accused the card networks of improperly fixing interchange fees.  Supporters of the settlement – including Visa and MasterCard and a number of large U.S. banks – had filed the petition, arguing that the majority of plaintiffs had agreed to the settlement and that there was no guarantee that the objecting parties would get a better result if settlement negotiations resumed. The decision leaves intact a Second Circuit ruling overturning the settlement, sending both parties back to the bargaining table.

In this client alert, RK&O counsel Amanda J. Segal reviews the recent development of the ongoing litigation.

Click here to read the client alert.

RELATED PUBLICATIONS

The Visa/MasterCard Antitrust Settlement: Where are we? (July 2016)

Charging Forward: An Investor's Guide to Visa/MasterCard Settlement Claims (Feb 2015)