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Mastercard, Visa Dealt Setback in U.K. Retailer Fees Suit

  • Sainsbury, Asda had challenged fees set by card companies
  • U.K. appeals court rules that fees are anti-competitive
Photographer: Andrew Harrer/Bloomberg
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A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.

The fees fixed by Visa Inc. and Mastercard Inc. restrict competition and are unlawful, Judge Terence Etherton said today in London.