On Tuesday the world's largest retail trade association vowed to go to court if necessary to fight a proposed $7.25 billion class settlement with Visa, MasterCard and their partner banks, arguing that the deal "does nothing" to curb the card companies' alleged manipulation of credit card swipe fees. Constantine Cannon, meanwhile, has rejected accusations that the firm faces a conflict of interest in its efforts on behalf of merchants that object to the settlement.
Constantine Denies Conflicts as Retail Group Joins Attack on $7.25 Billion Swipe Fee Deal
The Litigation Daily
September 11, 2012
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