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Visa, Mastercard reply advocates dismissal of Intuit, Square US antitrust claims

( January 6, 2025, 21:49 GMT | Official Statement) -- MLex Summary: Visa and Mastercard filed a reply in support of a US federal judge entering an injunction compelling dismissal of Intuit and Square’s price-fixing claims over interchange fees, saying they were released as part of a previous $5.6 billion settlement with merchants. “In arguing that the millions of their merchant customers 'had no federal antitrust claims to release' in the class settlement, Intuit and Square are really challenging the scope of the approved class. But if Intuit and Square believed the class was overly broad and that the class settlement agreement was impermissibly sweeping in their claims as the true ‘direct purchasers,’ the proper course would have been to object to approval of the settlement,” they argued. See attached file....

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