A US law firm, Milberg Coleman Bryson Phillips Grossman, has admitted to unknowingly filing fraudulent claims in a $5.6 billion antitrust settlement with Visa and Mastercard. The firm expressed embarrassment and committed to strengthening its review process. The settlement involves a class of 12 million retailers who accused Visa and Mastercard of improperly fixing credit card fees. In a related case, Visa and Mastercard have agreed to pay $197.5 million to settle a class action by consumers accusing the companies of colluding to control ATM prices and limit competition. The $197 million settlement was filed in Washington, D.C.
Visa and Mastercard agreed to pay $197.5 million in a preliminary settlement with ATM customers who accused the card processors of fixing the price of fees at automated teller machines. https://t.co/lwrf0u3CTE
A pair of Visa and Mastercard consumers asked a Washington, D.C., federal judge Wednesday to greenlight a $197.5 million class settlement that would resolve claims that the credit card companies conspired with major banks to fix ATM access fees. https://t.co/AACe8Bw3KI https://t.co/rra6P3PEv3
Visa and Mastercard are paying out hundreds of millions to settle a class action suit accusing them of colluding to control ATM prices and limit competition. So far the companies have agreed to pay $264.24 million. https://t.co/IWG97dSWKq
Visa, Mastercard to pay $197-million to settle consumer ATM fee lawsuit https://t.co/4vUFn4U683
Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high https://t.co/s0RMx1GsLj https://t.co/I7AdytCN6C
Law firm Milberg Coleman Bryson Phillips Grossman said it unknowingly filed fraudulent claims in an antitrust settlement with Visa and Mastercard. A class of 12 million retailers in the case accused Visa and Mastercard of improperly fixing credit card fees https://t.co/TGvRuNwBBT https://t.co/gEg0bMtTxM
Plaintiffs law firm Milberg Coleman said it unknowingly filed fake settlement claims in a $5.6 bln antitrust settlement with Visa and Mastercard, telling a judge it was 'embarrassed' and would strengthen its review process. Subscribe to The Daily Docket: https://t.co/s1z0JFiNQe https://t.co/uW57DJDqxB
Law firm says fake claims were submitted in $5.6 bln credit card settlement https://t.co/0G8WUaiRrI https://t.co/fDftJ5zyza
A US law firm said it unknowingly filed fraudulent claims in a $5.6 billion antitrust settlement with Visa and Mastercard, telling a judge it was 'embarrassed' and would strengthen its review process https://t.co/TGvRuNwBBT @MikeScarcella https://t.co/LudbHJ8MDY