Visa/MasterCard - Antitrust Violations ($3 billion)

Constantine Cannon served as lead counsel representing Wal-Mart, Sears, Safeway and a class of roughly 5 million U.S. merchants in this antitrust class action alleging various forms of misconduct by Visa and MasterCard in their rules governing the use and marketing of Visa/MasterCard branded credit cards and debit cards.  After winning summary judgment on a majority of the claims, the parties settled the case in May 2003 with the plaintiff merchants Constantine Cannon served as lead counsel representing Wal-Mart, Sears, Safeway and a class of roughly 5 million U.S. merchants in this antitrust class action alleging various forms of misconduct by Visa and MasterCard in their rules governing the use and marketing of Visa/MasterCard branded credit cards and debit cards.  After winning summary judgment on a majority of the claims, the parties settled the case in May 2003 with the plaintiff merchants.

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