Second Circuit overturns Visa and MasterCard's $7.25bn antitrust settlement

Visa and MasterCard's $7.25bn antitrust settlement has been overturned by the Second Circuit after finding that merchants who accepted the cards after the settlement date did not have adequate representation.

By Jeff Zalesin (June 30, 2016, 10:58 AM EDT) -- The Second Circuit on Thursday overturned Visa and MasterCard's $7.25 billion antitrust settlement with retailers over swipe fees, finding that merchants who would accept the cards after the settlement date were not adequately represented....

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