In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
STATUS — Closed
PRACTICE — Antitrust
CASE — MDL No. 1720, U.S. District Court for the Eastern District of New York
FKB served as plaintiffs’ counsel in this class action alleging an anticompetitive conspiracy among credit card issuers and banks.
After more than a decade of litigation, the district court approved a cash settlement exceeding $5.5 billion. In 2023, the U.S. Court of Appeals for the Second Circuit affirmed the district court’s approval in all material respects.
