In re Payment Card Interchange Fee Litigation

JJLM attorneys serve as co-lead counsel for over 12 million merchants seeking injunctive relief from allegedly inflated interchange fees and anti-steering restraints imposed by Visa and MasterCard. Motion for preliminary approval is pending for a class settlement that provides numerous reforms that will spur competition, provide merchants relief from anti-steering restraints, and lower interchange fees, which should save merchants in excess of $200 billion.