Visa MasterCard Lawsuit Settlement Rejected

July 1, 2016

Visa MasterCard $7.2 billion lawsuit settlement with retailers is rejected. 2nd U.S. Circuit Court of Appeals in New York said the accord was unfair to retailers that stood to receive no payments. The case will return to the Brooklyn federal court.

http://www.reuters.com/article/us-visa-mastercard-settlement-idUSKCN0ZG21E

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010. REUTERS/Bobby Yip