CASE NO. 1:05-MD-01720 (E.D.N.Y.)
LGN represents a class of merchants that accepted Visa and MasterCard credit and debit cards in the United States. Plaintiffs allege that Visa, MasterCard and their member banks conspired to impose and maintain interchange fees, or “swipe fees,” on merchants as a condition of using their cards. In December 2019, the United States District Court for the Eastern District of New York approved a settlement between the plaintiff monetary relief class and all defendants for over $6 billion. Some members of the monetary relief class have appealed the District Court’s approval of the settlement, and that appeal is pending.