Visa, MasterCard Drop as Appeal Upends $5.7 Billion Accord

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  • Deal was criticized by Wal-Mart, Amazon as inadequate
  • Settlement was the biggest-ever U.S. antitrust accord

Visa Inc. and MasterCard Inc. fell Thursday after a federal appeals court rejected a $5.7 billion settlement of claims that the firms improperly fixed credit-card swipe fees, potentially renewing years of litigation with millions of U.S. merchants.

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