United States Second Circuit

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In re Payment Card Interchange Fee and Merch. Discount Antitrust Litig., 12-4671

In an antitrust class action, alleging that Visa and MasterCard conspired to impose an artificially inflated interchange fee in violation of Section 1 of the Sherman Act, the district court's certified of two settlement-only classes and approval of the proposed class settlement is reversed where the plaintiffs were inadequately represented under F.R.C.P. 23(a)(4) and the Due Process Clause.

Appellate Information

  • Decided
  • Published 2016/06/30

Judges

  • JACOBS

Court

  • United States Second Circuit

Counsel