In spite of dozens of objectors, representing literally thousands of retailers nationwide, U.S. District Court Judge John Gleeson of Brooklyn, New York granted preliminary approval of what will become a landmark settlement agreement between retailers, payment networks and nine major … [Read more...]
More Merchants Move to Block Swipe Fee Settlement
A major settlement proposed in July is expected to be submitted to the U.S. District Court in Brooklyn later this week. The $7.2 billion class-action settlement between Visa, MasterCard and U.S. retailers was previously reached following seven years of litigation when retailers … [Read more...]
