BROOKLYN — A federal court in New York said no to a motion that would have decertified an antitrust and consumer protection class action against Visa and Mastercard, which businesses have accused accused of conspiring to adopt the Europay, Mastercard & Visa chip-enabled credit card payment system in order to shift billions of dollars in liability for fraudulent chargebacks onto the merchants themselves. An expert rebuttal that presented a theory of liability regarding small- and medium-sized merchants failed to justify decertification.
Read the ruling here.
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.
Search Articles
