The already heated battle over the proposed $7 billion credit card "swipe fee" settlement is about to get even more contentious. On Friday, the law firms representing a proposed nationwide class of seven million merchants filed a motion for preliminary approval of the settlement. The numerous trade groups and retailers that have criticized the deal will now 30 days to voice their objections.
Motion Is Filed for Preliminary Approval of Credit Card "Swipe Fee" Settlement
The Litigation Daily
October 19, 2012
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