August 21, 2025
A New York federal judge on Wednesday ruled that Visa cannot enforce a $5.54 billion settlement in long-running multidistrict antitrust litigation against a class of Visa debit cardholders in a separate, similar suit, finding that the deal does not cover their claims, and therefore the claims can’t be released.
U.S. District Judge Margot K. Brodie of the Eastern District of New York issued a memorandum and order saying the class in In Re: Visa Debit Card Antitrust Litigation cannot be held to the terms of the settlement agreement reached in the current action, which accused Visa and Mastercard of charging improper merchant fees.
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The Visa debit plaintiffs are represented by Brent W. Johnson and Daniel McCuaig of Cohen Milstein Sellers & Toll PLLC, by Daniel P. Weick and Christopher L. Lebsock of Hausfeld LLP, by Matthew Tripolitsiotis, Christopher J. Cormier, Matt Strauser, Ian Baize and Warren T. Burns of Burns Charest LLP, and by Joseph W. Cotchett, Adam J. Zapala, Brian Danitz, Gia Jung, Karin B. Swope, Thomas E. Loeser and Vara Lyons of Cotchett Pitre & McCarthy LLP.
Read Visa Deal Does Not Bar Other Swipe Fee Claims, Judge Rules.