July 1, 2016

Constantine Cannon New York Managing Partner Jeffrey I. Shinder is widely quoted in the press concerning the Second Circuit Court of Appeals decision on June 30 to reject the $7.25 billion class action settlement that attempted to resolve merchant claims against Visa and MasterCard.  Constantine Cannon represents dozens of the nation’s leading retailers and trade associations who objected to the settlement.  Click on the below publications to read more:

• Circuit Upsets $7.5B Pact Between Merchants, Credit Cards, New York Law Journal;
• Appeals Court Nixes $7.25B Credit Card Swipe Fee Settlement, Associated Press;
• Visa, MasterCard Drop as Appeal Upends $5.7 Billion Accord, Bloomberg;
• Battle Over Cards Heats Up as Court Rejects Visa, MasterCard Deal With Retailers, Wall Street Journal;
• Visa, MasterCard $7.25 billion settlement with retailers is thrown out, Reuters;
• Nixed $7B Visa, MasterCard Antitrust Deal Nixed By 2nd Circ., Law360;
• MasterCard And Visa vs U.S. Retailers: Antitrust Settlement Thrown Out, Inquisitr;
• Visa, MasterCard $5.7B Antitrust Class Deal Nixed, Bloomberg.