Second Circuit Reverses Approval of $7.25 Billion Settlement With Visa and Mastercard
The largest antitrust class action settlement in history was recently put to a halt by the U.S. Court of Appeals for the Second Circuit. The $7.25 billion proposed settlement includes a group of merchants challenging the fees and regulations of Visa and Mastercard. The plaintiffs claim the defendants have fixed the fees that merchants were charged every time a …