Litigator of the Week Runners-Up and Shout Outs
Visa and Mastercard can't escape the latest round of swipe fee antitrust litigation on summary judgment.
March 15, 2024 at 07:25 AM
7 minute read
First up, we have another big decision in antitrust litigation against Visa Inc. and Mastercard Inc. over swipe fees. Chief U.S. District Judge Margo Brodie in Brooklyn found that groups of retailers raised triable questions as to whether they directly pay interchange fees and are direct purchasers of card-acceptance services, denying the credit card companies' motion for summary judgment. The decision was issued under seal last month and was made public last week. Visa, in a recent securities filing, said the range of damages the plaintiffs are seeking through 2022 is between $25 and $35 billion, prior to any trebling. Plaintiffs' counsel includes Steig Olson, Alicia Cobb and David Leray of Quinn Emanuel Urquhart & Sullivan, who represent Home Depot. Robert Eisler and a team Grant & Eisenhofer, who represent retailers seeking equitable relief. Jeff Shinder of Constantine Cannon, represents 7-Eleven alongside colleagues Owen Glist, Taline Sahakian and Ankur Kapoor. Litigators at Vorys, Sater, Seymour and Pease and Gibbs & Bruns represent Target.
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Law Firms Mentioned
- Grant & Eisenhofer
- Kirkland & Ellis
- Brown Rudnick LLP
- Milbank LLP
- Kasowitz Benson Torres
- Greenberg Traurig
- Clifford Chance
- Vorys, Sater, Seymour and Pease LLP
- Gibbs & Bruns
- Ropes & Gray
- McDermott Will & Emery
- Davis Wright Tremaine
- Constantine Cannon LLP
- Vinson & Elkins
- Quinn Emanuel Urquhart & Sullivan
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