Abstract

http://ssrn.com/abstract=2133361
 


 



An Analysis of the Proposed Interchange Fee Litigation Settlement


Adam J. Levitin


Georgetown University Law Center

August 21, 2012

Georgetown Law and Economics Research Paper No. 12-033
Georgetown Public Law Research Paper No. 12-125

Abstract:     
This paper is a brief analysis of the proposed class settlement in In re Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (E.D.N.Y.). The analysis concludes that the relief plaintiff class members would obtain from the proposed settlement is largely illusory. The settlement does not result in meaningful reform of the interchange fee system and appears to provide less relief than would likely result from continued litigation. In short, the settlement is a bad deal for merchant plaintiffs and the public at large.

Number of Pages in PDF File: 25

Keywords: interchange, credit cards, merchant discount, issuer, acquirer, Visa, MasterCard, MDL 1720, settlement, surcharge, routing, honor all cards, release

JEL Classification: K41, L41, L44

working papers series





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Date posted: August 21, 2012 ; Last revised: September 3, 2012

Suggested Citation

Levitin, Adam J., An Analysis of the Proposed Interchange Fee Litigation Settlement (August 21, 2012). Georgetown Law and Economics Research Paper No. 12-033; Georgetown Public Law Research Paper No. 12-125. Available at SSRN: http://ssrn.com/abstract=2133361 or http://dx.doi.org/10.2139/ssrn.2133361

Contact Information

Adam J. Levitin (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
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