©2015-19 Class Action Recovery Service| 3960 Harlem Road, Suite #15| Amherst, NY | 14226 | Tel: 716.881.1500 Toll Free: 800.506.9641

Payment Card Interchange Fee and Merchant

Discount Antitrust Litigation

Docket Number: 1:05-md-01720

Settlement: Between $5.54 Billion (minimum amount) and $6.24 Billion

(maximum amount)

R E C O V E R Y S E R V I C E
C A S E D E S C R I P T I O N S

Background:

Visa and MasterCard, along with additional named defendants, face

allegations of fixing interchange fees, the fee paid by merchants to

accept Visa and MasterCard for payment from customers. Plaintiffs

allege that Defendants conspired to unlawfully fix the price of

“interchange fees” and other fees charged to merchants for

transactions processed over the Visa and MasterCard networks.

The Second Circuit Court of Appeals reversed approval of the

original settlement and returned the case to the District Court on

June 30, 2016. A revised settlement agreement was filed on

September 18, 2018. On January 24, 2019, the Eastern District Court

of New York court granted preliminary approval to the revised

settlement agreement, which was filed on September 18, 2018;

proceedings are continuing.

The class period is from January 1, 2004 through January 25, 2019.

No claim forms are available at this time, and no claims-filing

deadline exists. No-cost assistance will be available from the Class

Administrator and Class Counsel during any claims-filing period. No

one is required to sign up with any third-party service in order to

participate in any settlement. For additional information regarding

the status of the litigation, visit the Court-approved website for this

case, www.paymentcardsettlement.com.

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Claimants Served Include

FL: (239) 771-8771
NY: (716) 881-1515
Fort Myers, FL 33907
Amherst, NY 14226

Payment Card Interchange Fee

and Merchant Discount Antitrust

Litigation

Docket Number: 1:05-md-01720

Settlement: Between $5.54 Billion (minimum

amount) and $6.24 Billion (maximum amount)

Background:

Visa and MasterCard, along with additional

named defendants, face allegations of fixing

interchange fees, the fee paid by merchants to

accept Visa and MasterCard for payment from

customers. Plaintiffs allege that Defendants

conspired to unlawfully fix the price of

“interchange fees” and other fees charged to

merchants for transactions processed over the

Visa and MasterCard networks.

The Second Circuit Court of Appeals reversed

approval of the original settlement and

returned the case to the District Court on June

30, 2016. A revised settlement agreement was

filed on September 18, 2018. On January 24,

2019, the Eastern District Court of New York

court granted preliminary approval to the

revised settlement agreement, which was filed

on September 18, 2018; proceedings are

continuing.

The class period is from January 1, 2004

through January 25, 2019. No claim forms are

available at this time, and no claims-filing

deadline exists. No-cost assistance will be

available from the Class Administrator and

Class Counsel during any claims-filing period.

No one is required to sign up with any third-

party service in order to participate in any

settlement. For additional information

regarding the status of the litigation, visit the

Court-approved website for this case,

www.paymentcardsettlement.com.

<< Back to Case List
©2015-19 Class Action Recovery Service 3960 Harlem Road, Suite #15| Amherst, NY | 14226 Tel: 716.881.1500 Toll Free: 800.506.9641
CASE DESCRIPTION
R E C O V E R Y S E R V I C E
Fort Myers, FL 33907
Amherst, NY 14226
R E C O V E R Y S E R V I C E
Fort Myers, FL 33907
Amherst, NY 14226