Visa, Mastercard fail to get quick appeal in US antitrust case over fraudulent charges
( March 18, 2025, 16:09 GMT | Official Statement) -- MLex Summary: Visa and Mastercard were denied leave to immediately appeal an order that denied summary judgment in a case accusing them of conspiring to shift the burden of paying for fraudulent card transactions and associated fees to merchants. US District Judge Margo K. Brodie said that although the antitrust standard of review is a controlling question of law and its resolution would advance the ultimate termination of this litigation, there is not a substantial ground for a difference of opinion that the per se standard applies to the companies’ alleged conspiracy.See attached file. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.