Cases

Visa and MasterCard

G&E has been appointed co-lead counsel representing a class of merchants seeking equitable relief in a suit alleging that Visa, MasterCard, and several major card-issuing banks have engaged in collusive practices to fix payment card interchange fees at artificially high rates, and that certain rules promulgated and enforced by Visa and MasterCard are anticompetitive and artificially increase the interchange fees paid to card issuing banks by the merchants.

Company
Visa and MasterCard
Case Name
In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
Recovery Amount
Active
Court
Eastern District of New York

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