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Judge says Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion

Financial experts talk about “serious” consequences of retail credit cards. A federal judge on Friday Card Issuers Visa and Mastercard She is likely to be able to withstand a “significantly larger” settlement with retailers who claim they overpaid swipe fees than the $30 billion settlement offer she rejected last week. U.S. District Judge Margo Brody […]

Can Hawaii afford climate change lawsuit settlement?

(The Center Square) — Hawaii recently entered into a settlement in a first-of-its-kind lawsuit that requires the state to implement climate change initiatives by court order, setting forth a potential template for lawsuits in other states. Thirteen young people, at least one as young as nine, filed the lawsuit against the Hawaii Department of Transportation […]

Uber, Lyft agree to minimum pay, benefits in Massachusetts settlement

Uber and Lyft agreed to provide drivers with a minimum wage, paid sick leave and other benefits as part of a $175 million settlement that resolves a years-long legal battle with the state of Massachusetts. Ride-share companies would be required to pay drivers a minimum wage of $32.50 an hour, provide one hour of paid […]

Supreme Court rejects opioid settlement with Purdue Pharma

WASHINGTON — The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have provided billions of dollars to combat the opioid epidemic while protecting the Sackler family that owns the company from civil lawsuits over opioid addiction. After more than six months of deliberations, the justices voted 5-4 to […]

Judge rejects multi-billion Visa, Mastercard settlement in swipe-fee case

Financial expert talks about ‘profound’ impact of retail credit cards: ‘There are so many strings attached’ A federal judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and MasterCard agreed to limit the fees they could charge merchants that accept their credit and debit cards. U.S. District Judge Margo Brody of the […]

Judge rejects $30 billion Visa, Mastercard swipe-fee settlement – The Washington Post

A federal judge on Tuesday rejected a $30 billion settlement proposal that would have capped the fees Visa and MasterCard charge merchants for credit and debit card purchases. The decision jeopardizes an agreement reached in March aimed at ending two decades of litigation over the card-swipe fees that card companies charge retailers for each customer […]

Judge rejects $30B Visa, Mastercard 'swipe fee' settlement

A federal judge on Tuesday rejected a $30 billion antitrust settlement between Visa, MasterCard and some retailers that had been condemned across the industry. Visa and MasterCard, which together control 80% of the credit-card network market, agreed in March to limit the interchange fees they charge retailers that accept their cards. As part of the […]