In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
- Case Status: Pending
- Docket Number: 1:05-md-01720
- Category: Finance & Credit Cards
Merchants brought antitrust class action against two credit card issuing networks and issuing and acquiring banks, alleging that defendants harmed competition and charged merchants supracompetitive fees by creating unlawful contracts and rules and by engaging in various antitrust conspiracies in violation of the Sherman Act, the Clayton Act, the California Cartwright Act, and the California Unfair Competition Law (UCL).