US Supreme Court declines Visa, Mastercard appeal in ATM class action [Reuters]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: Reuters
, opens new tab over a decision allowing consumers and ATM operators to band together in class actions seeking billions of dollars in damages over access fees. The U.S. Court of Appeals for the D.C. Circuit ruled against the credit card companies last year when it upheld New Tab , opens new tab a trial judge's decision granting the cases class action status. Visa and Mastercard argued that the judge failed to conduct a “rigorous analysis” before certifying three class-actions featuring potentially hundreds of millions of members. Visa and Mastercard did not immediately respond to requests for comment. Steve Berman, an attorney for the plaintiffs, said on Monday they were "confident that the D.C. Circuit would be upheld and are pleased with this victory." Consumers and operators of independent, non-bank ATMs in 2011 sued Visa, Mastercard and a group of banks for alleged violations of U.S. antitrust law. Several big banks settled claims for tens of millions of dollars. Th
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- MA's page on the SEC website