MOST ECONOMICALLY SIGNIFICANT ANTITRUST CASE SINCE THE AT&T LITIGATION IN THE EARLY 1980's ANNOUNCED
On June 22, 2005, Visa, MasterCard and major U.S. banks were charged with antitrust violations for price fixing credit card interchange fees by a group of merchants seeking remedy to stop this anticompetitive practice and to restore a competitive balance for merchant payment processing.
Disclosure: 30 Minute Photos Etc., owned by the founders of The Credit Card Interchange Blog - WayTooHigh.com are lead plaintiffs in this class action complaint.
