Wal-Mart, Visa Negotiating to End $5 Billion Swipe-Fee Suit
- Retailer sued Visa after dropping out of nationwide accord
- Dozens of retailers still pursuing separate swipe-fee suits
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Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer’s $5 billion lawsuit over processing fees.
The negotiations were disclosed in a court filing Monday in Brooklyn federal court where dozens of retailers are pursuing claims against credit card companies alleging they illegally fixed so-called swipe fees.