Deals
Visa, Mastercard $30 Billion Swipe-Fee Deal Blocked by Judge
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A federal judge in Brooklyn formally rejected a $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees after telegraphing earlier this month that such a setback in the two-decade long litigation could be expected.
US District Judge Margo Brodie issued the ruling Tuesday, and ordered the parties to confer and respond to the ruling by June 28.