Visa, MasterCard Class Action Settlement Gets Approved

, The Litigation Daily

A federal judge in Brooklyn granted final approval to a $5.7 billion class action settlement that would resolve claims by merchants that Visa Inc. and MasterCard Inc. improperly fixed so-called interchange fees. The ruling represents a hard-fought win for Robins Kaplan Miller & Ciresi, Robbins Geller Rudman & Dowd, and Berger & Montague.